Market Concentration, Market Power, and Firm Growth of Construction Companies

Table 2

Estimation results for turnover equations.

	lnY
	—	SOC	NSOC	OIC	NOIC	CEC	ADC
lnMC	−0.184 (0.000)	−0.162 (−0.001)	−0.211 (−0.009)	−0.0571 (−0.206)	−0.227 (0.000)	−0.197 (0.000)	−0.142 (−0.063)
lnCR	0.560 (0.000)	0.499 (0.000)	0.641 (0.000)	0.459 (0.000)	0.650 (0.000)	0.538 (0.000)	0.531 (0.000)
lnLE	0.0810 (0.000)	0.0968 (−0.001)	0.0582 (−0.085)	0.0000961 (−0.997)	0.175 (0.000)	0.131 (0.000)	−0.0994 (−0.042)
lnK	0.542 (0.000)	0.566 (0.000)	0.497 (0.000)	0.646 (0.000)	0.390 (0.000)	0.518 (0.000)	0.580 (0.000)
_cons	13.08 (0.000)	11.89 (0.000)	15.10 (0.000)	11.11 (0.000)	16.29 (0.000)	12.86 (0.000)	14.24 (0.000)
N	370	240	130	204	166	300	70

-values in parentheses, , , and .