Research Article

The Influence Mechanism of Knowledge Heterogeneity of Venture Capital Syndication on Innovation Performance of Entrepreneurial Firms: Evidence from China

Table 3

Descriptive analysis of variables.

TypeVariableMeanStd. dev.MinMax

DependentPatapply50.05385.0650640
RDI4508.67979.2010470.9

IndependentKHS0.7570.45401.935
MKH1.1130.52302.236
IKH0.3520.32201.196
TKH0.6120.76402.236

MediatorVAIC105.942568.3066.1446715.26
ModeratorEquity structure0.5250.32401.371

ControlLnasset9.0230.2668.46510.461
Roa0.0610.031-0.006.187
Tobinsq1.8860.7911.0548.069
Indepnum0.3650.0460.20.6
Synnum2.4850.7526
Grants12.89430.2350373
Stage3.2810.69614
Ownnum30.92953.6020583.697
Mancost48.31243.2974.634374.216