Modelling Investment Choice Preference of Government Venture Capital Guiding Funds

Table 6

Results of multiple regression of factors affecting whether government guiding funds make an investment.

	Coef.	SE	t	value
AGE	−0.1221	0.0163	−7.45	≤0.001
ROE	−0.0020	0.0044	−0.48	0.635
CS	−0.0073	0.0037	−1.96	0.500
INSIZE	0.5690	0.0848	6.71	≤0.001
TTM	0.3538	0.2949	1.20	0.230
LOA	−0.0017	0.0037	−0.47	0.637
PORIR	−0.0052	0.0493	−0.11	0.915
OC	0.0389	0.0071	5.45	≤0.001
_Cons	−12.301	2.0413	15.63	≤0.001
Number of observations	1420
Prob > chi-square	0
Pseudo R^2	0.2287

Note: variable definitions are in Table 3. , , and indicate significance at 10%, 5%, and 1%, respectively.