Table 2 Basic regression results.

From: How does high-tech entrepreneurship affect incumbent firm innovation in regional innovation ecosystems?

 

(1)

(2)

(3)

(4)

 

lnpatent

lnpatent

lnpatent

lnpatent

Wnewstartr

0.0050***

0.0045***

  
 

(0.0008)

(0.0007)

  

Lnnew

  

0.0122***

0.0110***

   

(0.0021)

(0.0021)

Loss

 

−0.0024

 

−0.0024

  

(0.0034)

 

(0.0034)

Lnasset

 

0.0597***

 

0.0597***

  

(0.0025)

 

(0.0025)

Lnage

 

−0.0616***

 

−0.0616***

  

(0.0084)

 

(0.0084)

Lev

 

−0.0209 ***

 

−0.02086***

  

(0.0068)

 

(0.0001)

Lnsubsidy

 

0.0124***

 

0.0123***

  

(0.0013)

 

(0.0013)

hightech1

 

0.1201***

 

0.1204***

  

(0.0071)

 

(0.0071)

Lntaxrelief

 

0.0155***

 

0.0156***

  

(0.0010)

 

(0.0010)

Coinno

 

0.1160***

 

0.1155***

  

(0.0145)

 

(0.0145)

Hhi

 

−0.0020

 

−0.0001

  

(0.0126)

 

(0.0126)

Controls

0.0942***

−0.3838***

0.1107***

−0.3697***

 

(0.0122)

(0.0262)

(0.0110)

(0.0256)

Firm fixed effect

Yes

Yes

Yes

Yes

Year fixed effect

Yes

Yes

Yes

Yes

Industry fixed effect

Yes

Yes

Yes

Yes

N

134,630

134,629

134,630

134,629

Adj R-squared

0.5845

0.5959

0.5844

0.5958

  1. Robust standard errors are in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1. Same below.
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