Here - Beedie School of Business - Simon Fraser University

Table 5. Results of Fixed-Effects GLS Regression on the Subsamples 1998–2002
Dependent Variable: Innovative Capabilities of Indigenous Chinese Firms
High-tech-gap sample Low-tech-gap sample
Model 1 Model 2 Model 3 Model 4
IJV Presence_Cap
0.033
(0.032)
0.113
(0.074)
0.077***
(0.028)
0.235***
(0.074)
IJV Presence_Cap^2
-0.122
(0.101)
-0.271**
(0.119)
WOS Presence_Cap
-0.011
(0.038)
-0.018
(0.038)
0.136***
(0.030)
0.138***
(0.030)
Technology Gap
-0.001
(0.001)
-0.001
(0.001)
-0.006
(0.008)
-0.006
(0.008)
Market Concentration
0.098
(0.068)
0.116*
(0.069)
-0.089
(0.057)
-0.075
(0.057)
Market Growth
0.011*
(0.006)
0.011*
(0.006)
0.004
(0.006)
0.004
(0.006)
Capital-Labor Intensity
0.019
(0.012)
0.018
(0.012)
0.012
(0.013)
0.012
(0.013)
Labor Quality
-0.014
(0.013)
-0.014
(0.013)
0.041**
(0.019)
0.037**
(0.019)
Firm Size
-0.027*
(0.016)
-0.029*
(0.016)
-0.011
(0.014)
-0.013
(0.014)
SOE Weight_Cap
-0.008
(0.020)
-0.007
(0.020)
0.105***
(0.021)
0.102***
(0.021)
IJV Age
0.001
(0.002)
0.001
(0.002)
0.001
(0.002)
0.001
(0.002)
IJV State Equity
0.013
(0.032)
0.012
(0.032)
0.021
(0.044)
0.013
(0.043)
Year 2000
0.001
(0.005)
0.001
(0.005)
0.010**
(0.005)
0.010**
(0.005)
Year 2001
0.009
(0.006)
0.009
(0.006)
0.009*
(0.006)
0.008
(0.006)
Year 2002
0.002
(0.008)
0.003
(0.008)
0.012**
(0.006)
0.011**
(0.006)
Observations/Industries 840/324 840/324 840/320 839/320
F value 2.93 2.83 4.66 4.73
Within R 2 0.0755 0.0782 0.1142 0.1233
Between R 2 0.0273 0.0210 0.0002 0.0001
Overall R 2 0.0104 0.0064 0.0009 0.0005
Note: Values in parentheses are standard errors. *** p < 0.01; ** p < 0.05; * p < 0.10.
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