Table 7.

The regression results of the adjustment effect of enterprise size.

Variable	Model (2)
	(1)	(2)
β 0	5.7157∗∗∗	0.2946∗∗∗
KZ	0.1519∗∗∗	0.1513∗∗∗
SIZE	−0.0918 ∗∗∗	−0.0924∗∗∗
SIZE ∗ KZ		0.0133∗∗∗
AGE	−0.0846∗∗∗	−0.0850∗∗∗
LEV	−4.7843∗∗∗	−4.7804∗∗∗
BPS	0.0226∗∗∗	0.0228∗∗∗
R 2	0.1036	0.1049

Note. ^∗∗∗, ^∗∗, ^∗ are significant at the 1%, 5%, and 10% levels, respectively.