变量

SFLI

GB

0.0414^***

(2.87)

Size

−0.0242^***

(−9.45)

State

0.0242^***

(5.03)

Treat

0.0066

(1.25)

Lev

0.1102^***

(4.49)

Growth

−0.1750^***

(−7.94)

TQ

0.0075^***

(3.70)

ROA

−1.1757^***

(−23.11)

Largest

0.0011^***

(6.21)

_cons

0.3240^***

(6.21)

年度/行业

控制

N

15,057

R²

0.1715

F

84.94