| Variables | 模型(1) | 模型(2) |
| WCTR1 | WCTR2 | |
| CSR | 6.031*** | 0.189*** |
| (9.08) | (2.47) | |
| RATE | −32.385*** | 0.639 |
| (−4.16) | (0.74) | |
| SHARE | −1.488*** | 0.159*** |
| (−11.54) | (9.74) | |
| ZONE | −108.082*** | −2.793 |
| (−8.00) | (−2.75) | |
| Constant | 102.855*** | 6.400*** |
| (22.24) | (14.63) | |
| Observations | 8862 | 8862 |
| r2 | 0.0262 | 0.0137 |
| F | 64.46 | 24.98 |