| Type | Name | Symbol | Variable definition |
| Explained variable | Make quick money | MQM | Revenue share of financial and real estate industry in operating income |
| Explanatory variables | Internal control quality | ICQ | The internal control quality is 1 for high quality and 0 for low quality |
| Regional marketization | RMI | The total marketization index corresponding to the province where the Enterprise is located (published by Fan Gang and Wang Xiaolu, etc.) | |
| Control variable | Nature of property | State | If the Enterprise is a state-owned holding company, it is 1, otherwise it is 0 |
| Business scale | Lnasset | Natural logarithm of total assets at the end of the period | |
| Profitability | Roe | Return on net assets, i.e., net profit/average total assets | |
| Capital structure | Leverage | Asset-liability ratio, i.e., total liabilities/total assets | |
| Growth | Revgrowth | Operating income growth rate, that is, (current operating income-previous operating income)/previous operating income | |
| Year | Year | dummy variable | |
| Industry | Industry | dummy variable |