Research Article
Centralization and Firm Performance: New Evidence on the Role of Firm Size
Table 12
Regression results for the technology innovation influence mechanism.
| | (1) | (2) () | (3) () |
| | Variables | | | Cen | (2537.112) | 86.542 (339.816) |
| | | Size | 17.846 (20.395) | 25.227 (4.907) | 427.367 (179.495) | | | c.Cen#c.Size | 193.140 (121.221) | -3.085 (16.389) | 1258.727 (722.148) | | | _cons | -521.656 (395.370) | -534.799 (99.771) | (3936.328) | | | Control variable | Yes | Yes | Yes | | Firm | Yes | Yes | Yes | | Year | Yes | Yes | Yes | | 15176 | 9891 | 5285 | | 0.058 | 0.297 | 0.114 | | 0.057 | 0.296 | 0.112 |
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Standard errors in parentheses. , , and . |
