Table 7 Impact mechanism test results of institutional transaction cost.
From: Does China’s innovation-driven policy affect enterprises’ import performance of intermediate goods?
Variable | PC | Import quantity of intermediate goods | Import variety of intermediate goods | Import quality of intermediate goods |
|---|---|---|---|---|
Step 1 | Step 2 | |||
\({T}_{{it}}\) | −0.0885*** (0.0242) | 0.5454*** (0.0346) | 0.0337*** (0.0346) | 0.6525*** (0.0675) |
\({D}_{{fit}}\) | 0.1961*** (0.0412) | 0.0185** (0.0142) | 0.5052*** (0.0903) | |
PC | −0.1905*** (0.0269) | −0.0389* (0.0108) | −0.3704*** (0.0811) | |
Control variable | Yes | Yes | Yes | Yes |
Firm fixed effect | Yes | Yes | Yes | Yes |
Year fixed effect | Yes | Yes | Yes | Yes |
Other interaction terms | No | Yes | Yes | Yes |
N | 78,705 | 70,462 | 58,040 | 70,029 |
R2 | 0.3840 | 0.147 | 0.012 | 0.138 |
