Table 8.
Generalized linear regression in Chinese different zones.
| Dependent Variable | REG | ROA | ROE | ATO |
|---|---|---|---|---|
| C | 0.002453 | 0.002454 | 0.004549 | 0.001782 |
| COVID-19 | −0.003428*** | −0.002143*** | −0.001334*** | −0.002446*** |
| Coast | −0.001342* | −0.001729* | −0.001533* | −0.001619* |
| COVID-19*East | −0.002817* | −0.003569* | −0.002926* | −0.002871* |
| Mid | −0.000938** | −0.000193** | −0.00184** | −0.000748** |
| COVID-19*Central | −0.002342** | −0.001239** | −0.001286** | −0.002394** |
| West | −0.000221* | −0.000185* | −0.000153* | −0.000169* |
| COVID-19*West | −0.001329* | −0.000928* | −0.000712* | −0.001895* |
| CC | 0.001668*** | 0.001367*** | 0.001768*** | 0.001352*** |
| CSR | 0.000832* | 0.000287* | 0.000432** | 0.000513** |
| Liquidity | −0.003228 | 0.001039* | 0.001543* | −0.001457 |
| CCC | −0.000352* | −0.00239 | −0.001325 | −0.000847* |
| Capital structure | −0.001029 | −0.001028* | −0.001392* | −0.000869* |
| State ownership | −0.002329* | −0.001918 | −0.001303 | −0.001836 |
| Size | 0.001129 | 0.001348* | 0.001980* | 0.001762 |
| F-statistics | 128.39173*** | 61.29183*** | 69.42754*** | 96.30183*** |
***
is 0.01 significance level;
**
is 0.05 significance level;
*
is 0.1 significance level (cross-section weights and white cross-section covariance method).