Table 4 Mediating effects of market share.
From: Poison or catalyst? How do energy saving targets matter for firm-level productivity in China
Variables | marketshare | TFP_LP | TFP_LP | |||
|---|---|---|---|---|---|---|
Model 7 | Model 8 | Model 9 | Model 10 | Model 11 | Model 12 | |
target | 0.2358*** | 0.1690*** | 0.0467*** | 0.0143*** | ||
(0.0062) | (0.0058) | (0.0027) | (0.0020) | |||
target2 | −0.0006*** | −0.0002*** | −0.0005*** | −0.0002*** | ||
(0.0001) | (0.0001) | (0.0000) | (0.0000) | |||
marketshare | 0.2898*** | 0.1612*** | 0.2760*** | 0.1610*** | ||
(0.0032) | (0.0027) | (0.0035) | (0.0029) | |||
roa | 0.0265*** | 0.1288*** | 0.1287*** | |||
(0.0059) | (0.0037) | (0.0036) | ||||
lev | 0.0103 | −0.1515*** | −0.1564*** | |||
(0.0315) | (0.0167) | (0.0167) | ||||
fixed | 0.1197*** | −0.1421*** | −0.1553*** | |||
(0.0355) | (0.0203) | (0.0204) | ||||
size | 0.5136*** | 0.4527*** | 0.4456*** | |||
(0.0109) | (0.0046) | (0.0047) | ||||
SOE | 0.1561* | −0.1121*** | −0.1086*** | |||
(0.0836) | (0.0273) | (0.0272) | ||||
export | 0.1537*** | 0.0223* | 0.0293** | |||
(0.0244) | (0.0129) | (0.0130) | ||||
age | 0.0072*** | −0.0028*** | −0.0028*** | |||
(0.0018) | (0.0006) | (0.0006) | ||||
Constant | 0.4931*** | −3.2470*** | 5.8207*** | 2.8269*** | 5.6980*** | 2.8468*** |
(0.1659) | (0.1701) | (0.0717) | (0.0617) | (0.0712) | (0.0616) | |
year | YES | YES | YES | YES | YES | YES |
industry | YES | YES | YES | YES | YES | YES |
province | YES | YES | YES | YES | YES | YES |
N | 21134 | 21334 | 21134 | 21134 | 21334 | 21134 |
R-sq | 0.2309 | 0.3788 | 0.4407 | 0.7275 | 0.4567 | 0.7289 |
