Table 1 Sample descriptive statistics (N = 319).
Items | Options | Quantity | Percentage (%) |
|---|---|---|---|
Region where the firm is located | Jiangsu Province | 100 | 31.3 |
Zhejiang Province | 67 | 21.0 | |
Shanghai | 116 | 36.4 | |
Anhui Province | 33 | 10.3 | |
Other | 3 | 0.9 | |
Firm’s nature | Private firm | 209 | 65.5 |
Collective firm | 10 | 3.1 | |
State-owned firm | 50 | 15.7 | |
Sino-foreign joint venture | 25 | 7.8 | |
Foreign-funded firm | 25 | 7.8 | |
Firm’s asset size | Micro, small, and medium-sized firms | 207 | 64.9 |
Large firms | 104 | 32.6 | |
Very large firms | 8 | 2.5 |