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Table 8 Regression results of temporal effect

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

  Tfp t Tfp t + 1 Tfp t + 2 Tfp t + 3 Tfp t + 4
Model 1 Model 2 Model 3 Model 4 Model 5 Model 6 Model 7 Model 8 Model 9 Model 10
VCrep −0.027**   −0.084**   − 0.136   −0.111   0.907**  
(0.012)   (0.038)   (0.159)   (0.210)   (0.370)  
IntraRep   0.124*   0.203*   0.632**   0.758**   0.806*
  (0.068)   (0.116)   (0.271)   (0.323)   (0.459)
ExtraRep   −0.063***   −0.171***   −0.514***   −0.695***   1.194
  (0.020)   (0.051)   (0.191)   (0.266)   (0.856)
Controls Included Included Included Included Included Included Included Included Included Included
Constant 72.602*** 72.583*** 71.700*** 71.587*** 72.935*** 73.100*** 72.817*** 73.055*** 73.406*** 73.327***
(1.876) (1.873) (1.860) (1.857) (1.972) (1.963) (2.211) (2.191) (2.860) (2.872)
N 1790 1790 1553 1553 1088 1088 617 617 304 304
F 50.69 48.73 38.52 37.16 20.87 20.64 11.89 12.12 7.76 7.31
R 2 0.376 0.378 0.335 0.338 0.271 0.279 0.263 0.278 0.316 0.316
  1. Notes. (1) Dependent variables are Tfpt, Tfpt + 1, Tfpt + 2, Tfpt + 3, Tfpt + 4, respectively. (2) The regression model is OLS. (3) t-statistics is reported in the parentheses. (4) *denotes significance at the 10% level. **denotes significance at the 5% level. ***denotes significance at the 1% level