地理学视角的京津冀地区工业企业融资成本分析
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李博,李启航,孙威
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Analysis of financing costs of industrial enterprises in Beijing-Tianjin-Hebei region from geographic perspective
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LI Bo,LI Qihang,SUN Wei
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表6 按劳动密集型与非劳动密集型行业区分企业融资成本的OLS回归结果
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Tab. 6 Results of OLS regression of financing costs (Sample division by labor intensive industry and non-labor intensive industry)
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| 变量 | 回归(1) | 回归(2) | 回归(3) | 回归(4) | 回归(5) | 回归(6) | | 劳密OLS | 非劳密OLS | 劳密OLS | 非劳密OLS | 劳密OLS | 非劳密OLS | | distance | 0.0235** | 0.0155 | 0.0239*** | 0.0152 | 0.0259*** | 0.0163 | | (2.900) | (1.337) | (4.335) | (1.550) | (4.416) | (1.666) | | num_1k | -0.00831 | -0.00389 | | | | | | (-1.509) | (-0.781) | | | | | | num_3k | | | -0.00275*** | -0.00162** | | | | | | (-4.603) | (-2.808) | | | | num_5k | | | | | -0.00107*** | -0.000660** | | | | | | (-3.733) | (-2.778) | | lfa | 0.0712** | 0.0876*** | 0.0674** | 0.0850*** | 0.0671** | 0.0850*** | | (2.625) | (3.570) | (2.508) | (3.556) | (2.522) | (3.588) | | lwc | -0.177*** | -0.181*** | -0.170*** | -0.177*** | -0.171*** | -0.177*** | | (-4.226) | (-5.142) | (-4.144) | (-5.133) | (-4.205) | (-5.197) | | lworker | 0.0312 | 0.0162 | 0.0343 | 0.0188 | 0.0339 | 0.0188 | | (0.875) | (0.496) | (0.952) | (0.583) | (0.953) | (0.587) | | lev | -2.106*** | -1.838*** | -2.091*** | -1.830*** | -2.091*** | -1.829*** | | (-5.469) | (-5.420) | (-5.501) | (-5.458) | (-5.515) | (-5.470) | | dum_gov | -0.105 | -0.0680 | -0.105 | -0.0699 | -0.106 | -0.0700 | | (-1.533) | (-0.981) | (-1.562) | (-1.033) | (-1.607) | (-1.039) | 城市效应
行业效应 | YES | YES | YES | YES | YES | YES | | YES | YES | YES | YES | YES | YES | | 城市聚类稳健标准误 | YES | YES | YES | YES | YES | YES | | _cons | 3.128*** | 3.965*** | 3.078*** | 3.937*** | 3.066*** | 3.925*** | | (4.747) | (7.532) | (4.770) | (7.686) | (4.754) | (7.681) | | N | 4201 | 5084 | 4201 | 5084 | 4201 | 5084 | | 调整R2 | 0.226 | 0.197 | 0.228 | 0.198 | 0.228 | 0.198 |
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