Research Article
The Influence of Outward Foreign Direct Investment on Enterprise Technological Innovation
Table 2
Initial inspection results.
| | | (1) | (2) | (3) | (4) | (5) |
| | 0.471 (5.11) | −0.193 (−2.95) | 0.099 (1.73) | 0.298 (5.30) | 0.283 (5.54) | | 0.353 (2.87) | 0.342 (4.07) | −0.111 (−1.34) | −0.072 (−1.22) | −0.104 (−1.26) | | 0.492 (3.62) | 0.403 (4.21) | 0.311 (4.72) | 0.378 (2.55) | 0.462 (4.87) | | — | 0.402 (15.03) | 0.433 (13.58) | 0.466 (15.22) | 0.471 (15.04) | | — | 0.842 (90.33) | 0.925 (90.15) | 0.932 (91.47) | 0.941 (90.36) | | — | −0.015 (−4.02) | −0.007 (−2.37) | −0.012 (−3.88) | −0.009 (−3.04) | | — | 0.433 (15.97) | 0.441 (12.53) | 0.465 (21.72) | 0.482 (20.56) | | — | 0.712 (12.83) | 0.703 (12.94) | 0.739 (12.71) | 0.727 (12.80) | | — | 0.492 (9.33) | 0.487 (9.62) | 0.490 (9.52) | 0.471 (9.40) | | — | 0.552 (14.62) | 0.510 (14.84) | 0.537 (14.96) | 0.584 (14.25) | | — | 0.483 (16.42) | 0.493 (16.88) | 0.464 (16.91) | 0.422 (16.50) | | — | 0.552 (12.37) | 0.514 (12.65) | 0.582 (12.11) | 0.503 (12.48) | | — | 0.671 (12.33) | 0.680 (12.46) | 0.672 (13.84) | 0.664 (12.15) | | Constant term | 8.372（416.39） | 3.032 (44.19) | 3.152 (42.95) | 3.096 (47.36) | 3.892 (48.01) | | YE | No | No | Yes | Yes | Yes | | RE | No | No | No | Yes | Yes | | IE | No | No | No | No | Yes | | Observations | 8711 | 8711 | 8711 | 8711 | 8711 | | Adjusted | 0.031 | 0.682 | 0.690 | 0.833 | 0.875 | | F-value | 135.22 | 1743.09 | 1435.37 | 9054.88 | 583.05 |
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Note. , , and represent significant at the levels of 1%, 5%, and 10%, respectively, “—”means blank. |
