变量

Cash-GrowthT

Cash-GrowthS

Cash-GrowthQ

常量

−0.175^***

(0.038)

−0.166^***

(0.037)

−0.145^***

(0.042)

CF

0.327^***

(0.028)

0.326^***

(0.028)

0.327^***

(0.028)

Growth-T

0.002^**

(0.001)

Growth-S

0.001

(0.001)

Growth-Q

−0.248

(0.279)

SIZE

0.004^***

(0.001)

0.004^***

(0.001)

0.003^**

(0.001)

ΔSTD

0.370^***

(0.059)

0.369^***

(0.059)

0.370^***

(0.059)

DFL

−0.002

(0.008)

−0.002

(0.008)

−0.001

(0.008)

ΔNWC

0.126^***

(0.012)

0.126^***

(0.012)

0.126^***

(0.012)