model

Non-standardized coefficient

Standard coefficient

t

Sig.

B

Standard error

(constant)

20.961

1.041

20.131

0.000

Executive shareholding ratio

4.306

1.470

0.084

2.928

0.004

S index

0.012

0.005

0.073

2.483

0.013

Business scale

−0.812

0.049

−0.540

−16.631

0.000

Assets and liabilities

−1.659

0.296

−0.173

−5.608

0.000

Free cash flow

2.557E−011

0.000

0.081

2.751

0.006