Loosening of Access Threshold and Downturns in Listed Firms Performance: A Quasi-Natural Experiment from the “IPO Green Channel” for Poverty Alleviation

Table 3

Mechanistic analysis of net profit and total profit.

Variables	Model 9 ln_netprofit	Model 10 ln_totalprofit
	−0.1060	−0.1182
	(0.0549)	(0.0629)
Fixed assets ratio	−0.0042	−0.0040
	(0.0006)	(0.0007)
Current ratio	−0.0002	−0.0002
	(0.0001)	(0.0002)
Quick ratio	0.0003	0.0004
	(0.0002)	(0.0002)
Net value of inventory	−0.1802	−0.1936
	(0.0225)	(0.0257)
Total assets	−0.3194	−0.3564
	(0.0298)	(0.0342)
Operating revenue	1.3114	1.3529
	(0.0400)	(0.0458)
Constant	0.7386	0.8310
	(0.1600)	(0.1832)
Observations	3, 231	3, 227
R-squared	0.3873	0.3242
Number of id	534	534

Note., , and indicate significance at the 1%, 5%, and 10% levels, respectively. The t-values are in parentheses.