Table 6 Regression results of the extended analysis.
(1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
lnTE | lnpatent | lnpatent | lnpatent | lnpatent | |
wnewstartr | 0.0030*** | 0.0045*** | 0.0041*** | ||
(0.0007) | (0.0007) | (0.0007) | |||
lnnew | 0.0121*** | 0.0112*** | |||
(0.0021) | (0.0020) | ||||
Constant | −0.1554*** | 0.0933*** | −0.3656*** | 0.1062*** | −0.3520*** |
(0.0258) | (0.0117) | (0.0237) | (0.0106) | (0.0229) | |
Controls | Yes | Yes | Yes | ||
Firm fixed effect | Yes | Yes | Yes | Yes | Yes |
Year fixed effect | Yes | Yes | Yes | Yes | Yes |
Industry fixed effect | Yes | Yes | Yes | Yes | Yes |
N | 133,591 | 139,340 | 139,339 | 139,340 | 139,339 |
Adj R-squared | 0.5475 | 0.5806 | 0.5923 | 0.5806 | 0.5923 |