| 变量 | 非国有企业 | 国有企业 |
| RDS | RDS | |
| GOVSUB | 8.848*** | 4.341*** |
| (3.15) | (5.91) | |
| Age | −0.0359 | −0.0545*** |
| (−1.51) | (−2.90) | |
| Size | −0.178 | −0.229* |
| (−1.48) | (−1.67) | |
| Lea | −1.409 | −5.228*** |
| (−1.48) | (−6.06) | |
| _cons | 9.508*** | 10.99*** |
| (3.78) | (3.53) | |
| N | 274 | 82 |