The Effect of Government Subsidies on Firm R&D Investment in China: From Perspectives of Ownership and Market Power

Table 4

Regression results of the influence of different market power combinations.

State-owned enterprise				Nonstate-owned enterprise
Buyer	Large	0.287	0.432	Buyer	Large	0.196	0.287
		(0.040)	(0.093)			(0.107)	(0.082)
Power	Low	0.339	0.050	Power	Low	0.542	0.075
		(0.250)	(0.072)			(0.119)	(0.051)
		Low	Large			Low	Large
		Seller power				Seller power