Table 4 Influence channel analysis.
From: Foreign direct investment and the innovation performance of local enterprises
Spillover effects | Competition effects | ||
|---|---|---|---|
Variables | (1) | (2) | (3) |
FI | 0.4104* (0.2211) | 0.1683 (0.3352) | −0.0880 (0.2911) |
Size | 0.1645*** (0.0065) | 0.0894*** (0.0099) | 0.2986*** (0.0058) |
Kl | 0.0105** (0.0044) | −0.0335*** (0.0067) | 0.0013 (0.0046) |
Wage | 0.0481*** (0.0067) | 0.0645*** (0.0102) | −0.0167** (0.0066) |
Age | −0.0432** (0.0171) | −0.0221 (0.0260) | 0.0271** (0.0129) |
Subsidy | 0.1930*** (0.0708) | −0.0401 (0.1073) | −0.0388 (0.0368) |
HHI | −0.1212 (0.1653) | −1.0348*** (0.2507) | −0.2013* (0.1044) |
RD | 0.1068*** (0.0030) | ||
FI × HHI | 17.1078*** (6.1010) | ||
Firm FEs | Yes | Yes | Yes |
Year FEs | Yes | Yes | Yes |
Province FEs | Yes | Yes | Yes |
Observations | 480,860 | 480,860 | 783,879 |
R-squared | 0.008 | 0.007 | 0.014 |
