Monitoring and Analysis of Venture Capital and Corporate Fraud Based on Deep Learning

Table 3

VC shareholding and corporate fraud.

	(1)	(2)	(3)	(4)
	Probit		Poisson
	VC	−0.0560	−0.0642	−0.134	−0.149
	(−1.80)	(−2.03)	(−3.44)	(−3.80)
Age		−0.0333		−0.0484
		(−1.87)		(−2.18)
Size		0.00923		0.0534
		(0.59)		(2.82)
ROA		−3.615		−6.101
		(−11.13)		(−16.68)
Dual		−0.0912		−0.178
		(−2.93)		(−4.77)
Audit		−0.243		−0.397
		(−3.10)		(−3.72)
BdSize		0.156		0.171
		(2.06)		(1.87)
Tqmed		−0.0552		−0.146
		(−0.89)		(−1.90)
Cash		−0.0795		−0.133
		(−4.42)		(−5.98)
Constant	−0.275	−0.301	−0.303	−0.869
	(−1.55)	(−0.73)	(−1.86)	(−1.82)
Observations	12003	12003	12047	12047
Year&Industry	Yes	Yes	Yes	Yes
Pseudo R^2	0.018	0.036	0.024	0.047
AIC	12024.7	11819.1	18581.6	18156.5
Log likelihood	−5931.3	−5820.6	−9201.8	−8981.2

p < 0.10, p < 0.05, and p < 0.01.