Research Article
Innovation Efficiency of High-Tech SMEs Listed in China: Its Measurement and Antecedents
Table 5
Panel regression results.
| | Explanatory variable | IE | PTE | SE |
| | lnGS | −0.0229 (0.0088) | −0.025 (0.0087) | −0.0039 (0.0071) | | lnOC | −0.1351 (0.0542) | −0.1181 (0.0531) | −0.0088 (0.0438) | | lnSize | 0.0205 (0.0208) | 0.0151 (0.0203) | 0.0109 (0.0168) | | lnALR | 0.0345 (0.0183) | 0.0276 (0.018) | 0.0366 (0.0148) | | lnSJ | −0.0416 (0.0109) | −0.0447 (0.0155) | −0.0121 (0.0129) | | lnAge | 0.0189 (0.0432) | 0.0566 (0.0419) | 0.0882 (0.035) | | β0 | 0.8893 (0.5022) | 2.4229 (0.4924) | −1.3206 (0.4063) |
|
|
, , and means significance at 10%, 5%, and 1% levels, respectively. |
