Research Article

How Does Foreign Equity Right Impact Manufacturing Enterprise Innovation Behaviors? Mediation Test Based on Technology Introduction

Table 4

Model regression results.

VariablesProbit modelMarginal effect
Model 1Model 2Model 3

FER0.2450.7570.0470.093
(1.77)(5.24)(0.32)
Educational background of employee0.0030.0070.0020.001
(2.12)(4.68)(1.17)
Enterprise size0.1530.1910.1210.058
(5.13)(5.61)(3.91)
Enterprise age−0.009−0.010−0.008−0.003
(−2.04)(−1.88)(−1.65)
International certification0.1940.4910.0830.073
(2.44)(4.79)(1.00)
Degree of informatization−0.004−0.003−0.004−0.001
(−2.13)(−1.27)(−2.03)
Technology introduction0.790
(8.82)
Industrial characteristicsControlControlControlControl
R20.03570.1050.173
N1,4331,3971,395

Z value is included in the bracket; ∗∗and ∗∗∗represent significance at the levels of 10%, 5%, and 1%, respectively.