模型

模型1

模型2

模型3

模型4

模型5

Constant

0.057

(0.167)

0.056

(0.255)

−0.035

(0.263)

−0.015

(0.224)

−0.004

(0.089)

RB

0.864^***

(0.028)

0.760^***

(0.039)

RM

0.649^***

(0.043)

−0.173^***

(0.039)

BSS

0.619^***

(0.045)

−2.003^***

(0.084)

ABC

0.742^***

(0.038)

2.183^***

(0.093)

OWN

−0.068

(0.066)

−0.062

(0.100)

−0.065

(0.104)

−0.061

(0.088)

−0.006

(0.035)

SIZE

−0.044

(0.036)

−0.050

(0.055)

−0.067

(0.057)

−0.065

(0.048)

−0.029

(0.019)

TEAMAGE

−0.050

(0.029)

−0.068

(0.045)

−0.041

(0.046)

−0.026

(0.039)

0.003

(0.016)

AGE

0.032

(0.036)

0.014

(0.055)

0.066

(0.057)

0.055

(0.048)

0.020

(0.019)

TEAMEDU

0.044

(0.040)

0.084

(0.061)

0.062

(0.063)

0.046

(0.054)

0.007

(0.021)

Adj-R²

0.749

0.417

0.379

0.549

0.929

F-statistics

156.669

38.284

32.902

64.491

453.093