The Impact of Venture Capital on the Growth of Small- and Medium-Sized Enterprises in Agriculture

Table 2

Effects of venture capital on the technological innovation of SMEs.

Dependant variable	RDINV
	Model 1	Model 2
Constant	0.038 (0.565)	−0.033 (−0.523)
DumVC	0.012 (2.025)	—
DumVC1	—	—
DumVC2	—	0.026 (3.195)
DumVC3	—	0.049 (5.008)
DumVC4	—	0.051 (6.500)
TA	0.009 (1.771)	0.011 (2.550)
Time	—	—
ALR	−0.175 (−6.923)	−0.099 (−3.601)
Zindex	—	—
F value	106.080	138.264
Adjusted R^2	0.890	0.946

Note. ; ; . Source: authors’ elaboration.