Innovation Facilitated by Universities: Balancing Enterprise and Regional Demands
Table 5
Result of the re-estimation of enterprise model.
Variables
Mode 3-1 Poisson panel (RE)
Model 3-2 Poisson panel (RE)
Model 3-3 Poisson panel (RE)
Coefficients of the difference in the quality of university operations
26.647 (6.029)
26.712 (5.899)
23.661 (5.962)
Squares of coefficients of the difference in the quality of university operations
−17.786 (4.319)
−17.559 (4.241)
−14.872 (4.323)
Proportion of enterprise development expenditure in total closing assets
4.966 (0.511)
4.970 (0.510)
4.981 (0.511)
Proportion of the enterprise’s personnel on R&D positions
0.349 (0.028)
0.351 (0.028)
0.345 (0.028)
Proportion of the graduates of “211 Project” or “985 Project” key universities in senior executive positions of the enterprise
0.371 (0.055)
0.369 (0.055)
0.378 (0.055)
Per-capita GDP of the province (provincial-level city or autonomous region)
0.291 (0.006)
0.290 (0.006)
0.290 (0.006)
Turnover of patents in the province (provincial-level city or autonomous region where the enterprise is located)
−0.113 (0.032)
−0.116 (0.032)
−0.128 (0.032)
Number of years since the enterprise became a listed one
−0.008 (0.007)
−0.007 (0.007)
−0.006 (0.007)
Registered capital of the enterprise
−0.619 (0.176)
−0.617 (0.176)
−0.617 (0.177)
Average score of the scores about the quality of university operations
−0.038 (0.111)
−0.038 (0.112)
−0.037 (0.111)
D11
0.243 (0.198)
−0.154 (0.248)
D12
0.517 (0.185)
_Cons
−2.592 (0.971)
−8.444 (2.070)
−7.669 (2.074)
N
4598
4598
4598
Wald chi2
5193.43
5195.08
5207.09
Log likelihood
−27785.02
−27784.23
−27779.86
P
0.024
≤0.001
≤0.001
Note. The values outside and inside the parentheses represent estimated coefficients and standard errors, respectively, while ,, and represent significance levels of 1%, 5%, and 10%, respectively.