| 变量名称 | (3) | (4) |
| BE | Lnafee | |
| PledgeA | 0.260*** | 0.048*** |
|
| (8.65) | (4.82) |
| BE |
| 0.047*** |
|
|
| (18.14) |
| SIZE | 1.038*** | 1.038*** |
|
| (104.05) | (104.05) |
| ROA | −1.828*** | −1.828*** |
|
| (−11.26) | (−11.26) |
| GRO | 0.007 | 0.007 |
|
| (0.34) | (0.34) |
| LEV | 1.107*** | 1.107*** |
|
| (14.71) | (14.71) |
| RRA | 1.843*** | 1.843*** |
|
| (17.03) | (17.03) |
| LIP | −0.033*** | −0.033*** |
|
| (−5.54) | (−5.54) |
| BIG | 0.136*** | 0.136*** |
|
| (3.12) | (3.12) |
| OPINION | −0.278*** | −0.278*** |
|
| (−5.08) | (−5.08) |
| Constant | −5.882*** | −5.882*** |
|
| (−25.26) | (−25.26) |
| YEAR | 控制 | 控制 |
| IND | 控制 | 控制 |
| R-squared | 0.632 | 0.632 |
| F test | 0 | 0 |
| r2_a | 0.630 | 0.630 |
| F | 310.8 | 310.8 |