| VARIABLES | PSM |
| Lnafee | |
| Plg | 0.023** |
|
| (2.54) |
| SIZE | 0.363*** |
|
| (73.72) |
| ROA | −0.661*** |
|
| (−8.37) |
| GRO | 0.019* |
|
| (1.94) |
| LEV | −0.043 |
|
| (−1.17) |
| RRA | 0.170*** |
|
| (3.31) |
| LIP | −0.016*** |
|
| (−5.56) |
| BIG | 0.614*** |
|
| (23.56) |
| OPINION | −0.118*** |
|
| (−4.30) |
| Constant | 5.816*** |
|
| (51.08) |
| YEAR | 控制 |
| IND | 控制 |
| R-squared | 0.628 |
| F test | 0 |
| r2_a | 0.623 |
| F | 151.9 |