| 经营欠佳组 | 经营良好组 |
VARIABLES | RD | RD |
FIN | 8.405*** | 4.654*** |
(0.667) | (3.15) | |
FIN2 | −17.97*** | −13.313*** |
(1.651) | (−3.00) | |
MP × FIN | −220.3*** | −178.749*** |
(25.48) | (−3.69) | |
MP × FIN2 | 340.5*** | 387.744*** |
(76.71) | (2.61) | |
LEV | 2.442*** | 1.185*** |
(0.0947) | (7.06) | |
TBQ | −0.0804*** | −0.307*** |
(0.0145) | (−10.88) | |
Constant | 17.10*** | 17.666*** |
(0.0543) | (151.59) | |
Observations | 6441 | 2085 |
R-squared | 0.138 | 0.12 |
Ftest |
| 0 |
r2_a |
| 0.113 |
F |
| 45.32 |