财经问题研究

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(1)对于此处的结果,我们关注的是公司财务困境与行业经济困境的交互项,且将四个模型中的交互项统一理解为公司财务困境与行业经济困境在两期(当期和前一期)内叠加,而不具体区分是否同时出现或哪个出现在前哪个出现在后。同样的考虑也存在于后续的研究中。