Research Article
The Influence of Outward Foreign Direct Investment on Enterprise Technological Innovation
Table 4
Test results based on investment motivation.
| | | (1) Business service type | (2) Production and sales type | (3) R&D type | (4) Resource development type |
| | 0.371 (7.02) | 0.228(6.73) | 0.672 (9.11) | −0.152(4.33) | | −0.105 (−1.33) | −0.132 (−1.56) | −0.172 (−1.85) | −0.114 (−1.38) | | 0.343 (4.73) | 0.557 (6.11) | 0.833 (9.24) | 0.190 (2.35) | | Constant term | 3.217 (6.73) | 4.229 (7.01) | 4.384 (7.53) | 2.791 (4.36) | | Enterprise characteristic variables | Yes | Yes | Yes | Yes | | YE | Yes | Yes | Yes | Yes | | RE | Yes | Yes | Yes | Yes | | IE | Yes | Yes | Yes | Yes | | Observations | 4702 | 3381 | 1099 | 523 | | Adjusted | 0.843 | 0.851 | 0.887 | 0.892 | | value | 78.22 | 90.37 | 88.04 | 69.73 |
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Note. , , and represent significant at the levels of 1%, 5%, and 10%, respectively. |
