A Novel Approach towards Assessing the Impact of Air Quality and Major Public Health Emergencies on Light Industry: A Multiscale Investigation towards Improving the Risk Prevention System
Table 1
Setting and definition of all variables in the DID model.
Variables
Variable definition
Enterprise performance: to measure the operating condition of the enterprise, reflecting its profitability, asset operation level, solvency and subsequent development ability, etc.
Age
Years of enterprise operation.
Labor
Total number of employees in the enterprise at the end of the year.
Capital
Total fixed assets: reflects the enterprise’s investment in fixed assets, the production scale and equipment level, etc.
ITR
Inventory turnover ratio: the ratio of an enterprise’s operating costs to its average inventory balance. A comprehensive indicator used to measure a company’s input production, inventory management level, and sales recovery ability.
ROA
Debt ratio: a comprehensive indicator of the company’s level of indebtedness.
Asset
Total assets: all assets owned or controlled by the company.
DTL
Combined leverage: the role played by operating and financial leverage together. Used to measure the extent to which changes in sales volume affect changes in earnings per common share.
Nature
Nature of ownership: state-owned , nonstate-owned .
Scale
Enterprise scale: large-scale , other .
Overseas
Overseas income: whether the enterprise has overseas business income in the current year. ,.
