Research Article
Impact of Venture Capital on the Dividend Policy of Listed Companies and Management Platform Design
Table 7
PSM matching balance effect.
| Variable | Unmatched matched | Mean | % bias | % reduct|bias| | t-test | p>|t| | Treated | Control | t |
| Roe | U | 0.0805 | 0.0786 | 2.500 | | 1.570 | 0.116 | | M | 0.0805 | 0.0816 | −1.600 | 37.30 | −0.790 | 0.430 | Lev | U | 0.446 | 0.437 | 4.300 | | 2.790 | 0.00500 | | M | 0.446 | 0.443 | 1.400 | 68 | 0.700 | 0.486 | Cash | U | 0.0431 | 0.0493 | −8.700 | | −5.620 | 0 | | M | 0.0431 | 0.0440 | −1.300 | 85.50 | −0.640 | 0.520 | Dual | U | 1.773 | 1.762 | 2.800 | | 1.790 | 0.0730 | | M | 1.773 | 1.781 | −1.900 | 32.40 | −0.970 | 0.334 | Boardsize | U | 8.849 | 8.801 | 2.700 | | 1.740 | 0.0820 | | M | 8.849 | 8.831 | 1 | 61.80 | 0.530 | 0.597 | Top1 | U | 35.25 | 35.72 | −3.100 | | −2.010 | 0.0440 | | M | 35.25 | 35.49 | −1.600 | 49.50 | −0.800 | 0.423 | Soe | U | 0.463 | 0.432 | 6.100 | | 4 | 0 | | M | 0.463 | 0.464 | −0.200 | 97.50 | −0.0800 | 0.937 | LnSize | U | 22.30 | 22.04 | 20 | | 13.31 | 0 | | M | 22.30 | 22.30 | −0.100 | 99.40 | −0.0600 | 0.954 |
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