Variable in regression equation

Coefficient

Standard

deviation

t-test

p-value

Tolerance

VIF

Intercept

9.263

0.723

12.815

0.000

Woman GUO (dummy)

−1.681

0.426

−3.949

0.000

0.945

1.058

Logarithm of total assets

3.302

0.098

33.590

0.000

0.928

1.078

Logarithm of company age

−2.707

0.219

−12.365

0.000

0.937

1.067

Manufacturing (dummy)

−7.096

0.533

−13.321

0.000

0.907

1.102

Construction (dummy)

−7.490

0.385

−19.470

0.000

0.860

1.163

Hotels and restaurants (dummy)

−9.847

0.791

−12.448

0.000

0.958

1.044

Wholesale and retail trade (dummy)

−10.515

0.434

−24.201

0.000

0.885

1.129