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Table 13 Robustness test 3: Regression results using Tfp_wt + 1 as the dependent variable

From: Venture capital reputation: a blessing or a curse for entrepreneurial firm innovation—a contingent effect of industrial distance

  Tfp_w t + 1
Model 1 Model 2 Model 3 Model 4
VCRep   −0.363*** 1.147***  
  (0.120) (0.426)  
VCRep × ID    −1.959***  
   (0.591)  
ID    −0.330  
   (0.976)  
IntraRep     0.439*
    (0.244)
ExtraRep     −0.612***
    (0.163)
Controls Included Included Included Included
Constant 86.698*** 86.141*** 90.381*** 85.904***
(4.515) (4.488) (4.925) (4.531)
N 1515 1515 1299 1515
F 107.24 102.58 73.96 94.34
R 2 0.303 0.308 0.322 0.311
  1. Notes. (1) Dependent variable is Tfp_wt + 1. (2) The regression model is OLS. (3) t-statistics is reported in the parentheses. *denotes significance at the 10% level. ***denotes significance at the 1% level