The Complexity of Technological Innovation Decision-Making in Emerging Industries
Table 2
Regression analysis of different subindustries in strategic emerging industries.
Variable
Next-generation information technology
Advanced equipment manufacturing
New material industry
Biological industry
New energy automobile industry
New energy industry
Environmental protection industry
L.FC
−0.238
−0.084
−0.011
0.211
−0.126
0.178
−0.005
(0.066)
−0.049
(0.039)
(0.170)
(0.073)
(0.143)
(0.041)
L.size
−0.098
−0.586
−0.642
−0.579
−0.065
−0.077
−1.002
(0.273)
(0.161)
(0.136)
(0.723)
(0.211)
(0.212)
(0.204)
L.TobinQ
0.025
0.002
0.082
0.004
0.037
1.011
−0.263
(0.054)
(0.060)
(0.042)
(0.149)
(0.134)
(0.496)
(0.058)
L.Concentr
−0.021
−0.025
0.008
−0.075
−0.008
0.006
0.009
(0.020)
(0.012)
(0.009)
(0.055)
(0.014)
(0.013)
(0.008)
L.Sgrowth
0.009
−0.000
0.006
−0.002
−0.001
0.008
−0.001
(0.002)
(0.001)
(0.002)
(0.007)
(0.003)
(0.006)
(0.001)
Age
−0.276
−0.096
0.020
−0.249
−0.036
0.041
−0.071
(0.073)
(0.050)
(0.039)
(0.179)
(0.056)
(0.031)
(0.040)
Sample size
290
257
95
43
19
14
24
Notes: according to the Guiding Catalogue of Key Products and Services for Strategic Emerging Industries (2016 Edition) issued by the National Development and Reform Commission in 2017, the strategic emerging industries are divided into nine sectors (including related service industries). Considering the small number of samples of digital cultural and creative industries and related service industries, they are not separately analyzed by industry.
