Tax Incentive Policy and Enterprise Innovation: From Enterprise Heterogeneous Perspective

Table 8

Tax incentive policies-innovation input (district) model.

Variables	(8)	(8)	(8)
	HZ	NB	WZ
Taxincen	4.980	1.408	0.231
	(9.11)	(1.11)	(0.16)
Lnasset	0.786	0.685	0.952
	(24.58)	(11.20)	(11.04)
Asset-liab	0.065	−0.662	−0.716
	(0.32)	(−1.66)	(−1.03)
ROA	2.709	3.275	−0.089
	(6.74)	(2.86)	(−0.15)
Constant	0.147	2.613	−2.843
	(0.22)	(1.97)	(−1.60)
Observations	622	327	88
R-squared	0.577	0.308	0.657

t-statistics in parentheses, , .