Table 6 Effects of foreign residency rights on Post-IPO firm investment and innovation
From: The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence
CAPEX_TA | LOG_RD | LOG_PATENT | PATENT_RD | |
|---|---|---|---|---|
(1) | (2) | (3) | (4) | |
TREATED×POST | −0.002 (− 0.24) | − 0.732a (−7.30) | − 0.183a (−4.89) | −0.085a (−8.57) |
TREATED | 0.001 (0.09) | 0.055 (0.18) | 0.037 (1.06) | 0.035a (4.48) |
POST | −0.044a (−11.89) | 1.811a (4.40) | 0.459a (16.60) | −0.034 (−1.24) |
Industry fixed effects included? | Yes | Yes | Yes | Yes |
No. of obs. | 4590 | 5481 | 5481 | 713 |
Adjusted R2 | 0.071 | 0.072 | 0.117 | −0.005 |