| 变量名称 | (1) |
| Cost | |
| Cash | −0.028*** |
|
| (−5.38) |
| Size | −0.001*** |
|
| (−2.99) |
| Lev | 0.032*** |
|
| (9.88) |
| Prof | −0.028*** |
|
| (−5.82) |
| Soe | −0.004*** |
|
| (−4.70) |
| Own | −0.019*** |
|
| (−6.05) |
| FA | 0.029*** |
|
| (8.02) |
| Grow | −0.023*** |
|
| (−10.73) |
| Constant | 0.140*** |
|
| (9.15) |
| Observations | 7,503 |
| R-squared | 0.192 |
| Ind FE | YES |
| Year FE | YES |