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

Table 8

PSM.

Variable	Unmatched matched	Mean		%bias	% reduct |bias|	t-test	p > |t|
		Treated	Control			t
Z1	U	0.3731	0.3473	5.40		3.05	0.002
	M	0.3702	0.3822	−2.50	53.30	−1.16	0.248
Z2	U	0.5774	0.5285	9.80		5.55	0.000
	M	0.5749	0.5742	0.10	98.60	0.07	0.948
Age	U	1.9434	1.8646	8.50		4.82	0.000
	M	1.9415	1.9183	2.50	70.60	1.19	0.234
Size	U	22.5030	22.1790	26.40		15.37	0.000
	M	22.4870	22.4910	−0.30	99.00	−0.12	0.903
ROA	U	0.0469	0.0465	0.70		0.41	0.683
	M	0.0468	0.0471	−0.60	17.90	−0.28	0.779
Dual	U	0.7320	0.7279	0.90		0.52	0.604
	M	0.7325	0.7348	−0.50	43.30	−0.24	0.808
Audit	U	0.0552	0.0342	10.20		6.09	0.000
	M	0.0526	0.0556	−1.50	85.70	−0.62	0.536
BdSize	U	2.1602	2.1368	12.00		6.76	0.000
	M	2.1593	2.1583	0.50	95.50	0.25	0.805
Tqmed	U	1.8183	1.7334	15.80		9.11	0.000
	M	1.8137	1.8092	0.80	94.80	0.36	0.717
Cash	U	0.4736	0.4249	5.70		3.25	0.001
	M	0.4652	0.4662	−0.10	97.90	−0.05	0.956