Research Article
The Complexity of Technological Innovation Decision-Making in Emerging Industries
Table 7
Regression results of the impact of financing constraints on technological innovation through the SA index.
| | Variable | R&D concentration | R&D intensity | Number of patent applications |
| | L.SA | 0.351 (0.135) | 0.995 (0.316) | 0.300 (0.182) | | L.LEV | −0.444 (0.240) | −4.102 (0.549) | −0.003 (0.002) | | L.TobinQ | 0.003 (0.013) | −0.039 (0.030) | −0.005 (0.012) | | L.Concentr | −0.010 (0.004) | −0.020 (0.0098) | −0.000 (0.0037) | | L.Cflow | 0.004 (0.003) | −0.004 (0.006) | | | L.tangibility | 0.011 (0.003) | 0.002 (0.006) | | | L.Sgrowth | −0.011 (0.023) | −0.118 (0.053) | | | Constant | 2.159 (0.592) | 5.283 (1.360) | −9.301 (1.361) | | Sample size | 757 | 757 | 628 |
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