| K1 | K2 | K3 | K4 | K5 |
| ICE | 0.00757 | 0.0127* | 0.0136*** | 0.00881** | 0.0137 |
| -0.94 | -1.68 | -4.18 | -2.29 | -1.58 |
| ICA | | | | | |
| | | | | |
| ICEICA | | | | | |
| | | | | |
| ICEvol | | | | | |
| | | | | |
| BM | -0.0574*** | -0.0394*** | -0.0129** | 0.00165 | |
| (-3.76) | (-2.74) | (-2.10) | -0.23 | |
| Beta | -0.00832 | -0.0113 | 0.00173 | 0.0027 | |
| (-0.57) | (-0.83) | -0.3 | -0.39 | |
| LEV | 0.103*** | 0.0182 | 0.186*** | 0.0401*** | -0.0466 |
| -3.89 | -0.73 | -17.4 | -3.17 | (-1.60) |
这是stata12输出的结果，t值没有加括号的就加了个负号
那实际上究竟是不是负相关呢？
下面是同样数据STATA11出的结果，以哪个为准呢？
| (1) | (2) | (3) | (4) | (5) |
| | K1 | K2 | K3 | K4 | K5 |
ICE | 0.00757 | 0.0127* | 0.0136*** | 0.00881** | 0.0137 |
| | (0.94) | (1.68) | (4.18) | (2.29) | (1.58) |
| | | | | | |
| BM | -0.0574*** | -0.0394*** | -0.0129** | 0.00165 | |
| | (-3.76) | (-2.74) | (-2.10) | (0.23) | |
| | | | | | |
| Beta | -0.00832 | -0.0113 | 0.00173 | 0.00270 | |
| | (-0.57) | (-0.83) | (0.30) | (0.39) | |
| | | | | | |
| LEV | 0.103*** | 0.0182 | 0.186*** | 0.0401*** | -0.0466 |
| | (3.89) | (0.73) | (17.40) | (3.17) | (-1.60) |
| | | | | | |
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