Skip to main content
Frontiers of Business Research in China

Table 7 Subgroup with VC types (divided by mean)

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

Subgroup

Tfp t + 1

Model 1

Model 2

Model 3

Model 4

Low IntraRep & Low ExtraRep

High IntraRep & High ExtraRep

High IntraRep & Low ExtraRep

Low IntraRep & High ExtraRep

VCrep

−1.115

−0.161**

1.530***

−0.321**

(1.202)

(0.074)

(0.551)

(0.137)

Controls

Included

Included

Included

Included

Constant

72.400***

83.069***

70.192***

77.022***

(2.934)

(4.301)

(3.999)

(4.492)

N

1003

141

241

168

F

24.55

7.62

6.04

9.24

R 2

0.333

0.496

0.355

0.527

  1. Notes. (1) Dependent variable is Tfpt + 1. (2) The regression model is OLS. (3) t-statistics is reported in the parentheses. (4) **denotes significance at the 5% level. ***denotes significance at the 1% level
Back to article page