The Shared Transportation Industry in China: Examining the Influence of Regional Environmental Factors on New Venture Formation

Table 3

Negative binomial regression analysis results.

	Model 1	Model 2	Model 3	Model 4	Model 5
Density	0.002 (4.28)	0.002 (4.52)	0.001 (3.60)	0.001 (2.03)	0.000 (1.29)
GDP per capita	0.000 (1.02)	0.000 (0.65)	0.000 (0.90)	0.000 (1.22)	0.000 (0.94)
Labor	0.006 (0.72)	0.007 (0.97)	0.003 (0.40)	−0.008 (−0.94)	−0.004 (−0.55)
Air quality	0.002 (0.25)	0.000 (−0.01)	−0.005 (−0.52)	0.004 (0.48)	−0.001 (−0.16)
Human capital	0.003 (4.27)	0.003 (4.45)	0.001 (2.19)	0.001 (2.71)	0.000 (0.86)
Venture capital		1.136 (2.45)			0.758 (1.81)
Policy bike sharing			0.674 (2.35)		0.397 (1.55)
Policy entrepreneurship			1.506 (4.48)		0.899 (2.97)
Auxiliary facilities				0.004 (5.53)	0.003 (4.77)
Competition facilities				−0.003 (−0.20)	−0.007 (−0.42)
Constant	−2.958 (−4.34)	−3.582 (−5.01)	−2.288 (−3.87)	−1.796 (−3.04)	−2.317 (−3.48)
N	257	257	257	257	257
Pseudo-R^2	0.143	0.153	0.181	0.210	0.236
Chi-square	88.207	94.491	111.819	129.267	145.532
Log-likelihood	−263.969	−260.827	−252.163	−243.439	−235.307

, , and (T values are in parentheses).