Table 8 Heterogeneity test for the nature of ownership.
Variables | (1) | (2) | (3) |
---|---|---|---|
SOE | non-SOE | Main Effect | |
IMi, t | 0.1304** | 0.0484* | 0.0861*** |
(0.0597) | (0.0266) | (0.0245) | |
CN | yes | yes | yes |
_cons | 3.9067*** | 4.2636*** | 4.0566*** |
(0.2500) | (0.2095) | (0.2112) | |
N | 3386 | 9468 | 12,854 |
R-sq | 0.559 | 0.593 | 0.584 |