Research Article

Impact of Financing Constraints on Firm Performance: Moderating Effect Based on Firm Size

Table 5

Regression results of financing constraints and firm performance.

VariableModel (1)

β05.7713
KZ0.1517
AGE−0.0905
LEV−4.8085
BPS0.0218
R20.11

Note. , , are significant at the 1%, 5%, and 10% levels, respectively.