Table 1.
Sample distribution.
Fig 1.
The calculation processes of IC.
Table 2.
Variable definition.
Table 3.
Descriptive statistics.
Table 4.
Correlation matrix.
Table 5.
Regression results of Models (1)–(6).
Table 6.
Regression results of Models (7)–(12).
Table 7.
Regression results of Models (1)–(6) before COVID-19.
Table 8.
Regression results of Models (1)–(6) during COVID-19.
Table 9.
Regression results of Models (1)–(6) for companies with high leverage.
Table 10.
Regression results of Models (1)–(6) for companies with low leverage.
Table 11.
Regression results of Models (1)–(6).