| 变量 | ΔLev |
| Avs | −0.0113*** (−10.93) |
| Pos | 0.0801*** (13.24) |
| RDI | 0.273*** (2.99) |
| Size | −0.0272*** (−6.11) |
| Growth | 0.0377*** (7.47) |
| Roa | −0.121*** (−6.12) |
| FA_TA | 0.0784*** (3.22) |
| DEP_TA | −2.716*** (−9.46) |
| N | 0.583*** (6.16) |
| R2 | Y |