Research Article

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

Table 6

Moderating Effect of equity structure.

Main(1)(2)(3)(4)(5)
PatapplyPatapplyPatapplyPatapplyVAIC

KHS−0.118 (0.038)0.486 (0.028)
KHSES0.431 (0.060)−1.492 (0.044)
ES−0.604 (0.048)−0.695 (−11.396)−0.557 (−13.738)−0.409 (−12.030)0.965 (0.032)
MKH−0.128 (−4.533)
MKHES0.350 (7.189)
IKH−0.393 (−7.600)
IKHES0.708 (8.694)
TKH−0.009 (−0.406)
TKHES0.152 (4.385)
_Cons−1.048 (0.435)−1.124 (0.433)−1.124 (0.438)−1.090 (0.434)−11.270 (0.299)

ControlsYYYYY
IndustryYYYYY
ProvinceYYYYY
YearYYYYY
N348348348348348
R20.2230.2220.2230.2220.530

Standard errors are reported in parentheses .