| 变量 | ΔLev |
| Avs | −0.011*** (0.001) |
| Pos | 0.081*** (0.006) |
| RDI | 0.410*** (0.089) |
| Size | −0.027*** (0.004) |
| Growth | 0.040*** (0.005) |
| Roa | −0.114*** (0.018) |
| FA_TA | 0.077*** (0.022) |
| DEP_TA | −2.692*** (0.265) |
| N | 7559 |
| R2 | 0.074 |