(1) 大规模企业 |
(2) 小规模企业 |
|
变量名 |
EnI |
EnI |
MTF1 |
0.025 |
0.029* |
(0.79) |
(1.84) |
|
MTF2 |
0.027 |
0.036** |
(0.35) |
(3.60) |
|
SIZE |
0.823*** |
1.137*** |
(5.69) |
(6.61) |
|
ROA |
1.379 |
−0.295 |
(0.61) |
(−0.20) |
|
Tbq |
0.067 |
−0.078 |
(0.39) |
(−0.82) |
|
Bod |
−0.169*** |
0.008 |
(−3.25) |
(0.19) |
|
TopTenHDR |
0.001 |
−0.009 |
(0.03) |
(−0.31) |
|
Sep |
−0.004 |
−0.025** |
(−0.39) |
(−1.98) |
|
Cur_rit |
−0.350 |
−0.021 |
(−2.28) |
(−0.37) |
|
Lev |
0.859 |
0.172 |
(0.99) |
(0.24) |
|
Growth |
−0.021 |
−0.316 |
(−0.07) |
(−1.06) |
|
行业效应 |
Yes |
Yes |
时间效应 |
Yes |
Yes |
常数项 |
−2.095 |
−7.426 |
(−0.38) |
(−2.82) |
|
观测值 |
1572 |
1572 |
R-squared |
0.209 |
0.128 |