[Retracted] Government Intervention, Financial Support, and Comprehensive Efficiency of Enterprise Independent Innovation: Empirical Analysis Based on the Data of Chinese Strategic Emerging Industries
Table 12
Tobit panel regression results.
Variables
Model (1)
Model (2)
Model (3)
vrsteit-1
0.0636
0.0717
0.0909
(0.72)
(0.89)
(1.81)
Vrste2 it-1
−0.0013
−0.0026
−0.0019
(−0.82)
(−0.98)
(−0.91)
(−1.00)
(−0.87)
(−1.08)
G
0.015
0.0151
0.0143
(2.24)
(2.25)
(2.12)
F
0.0047
0.0047
0.0038
(1.54)
(1.55)
(1.20)
G×F
—
−0.0062
−0.0057
—
(−1.42)
(−1.23)
G2
—
—
−0.0097
—
—
(−0.98)
F2
—
—
−0.0009
—
—
(−1.54)
Lnsize ep
−0.0005
−0.0007
−0.0004
(−0.22)
(−0.32)
(−0.17)
0.0004
0.00038
0.00038
Age
(0.3)
(0.25)
(0.27)
0.0001
0.0001
0.00021
(0.11)
(0.12)
(0.2)
Lev
−0.0008
−0.0008
−0.0007
(−0.77)
(−0.79)
(−0.75)
Own
−0.0015
−0.0018
−0.0017
(−0.33)
(−0.39)
(−0.37)
Constant
0.892
0.8925
0.8931
(22.10)
(22.26)
(22.29)
Wald test
14.34
14.72
11.01
Log likelihood
−96.73
−92.51
−80.12
Wald test statistics pass 5% significance test, indicating that the model fits well.