From: Home purchase restriction, real estate investment, and corporate innovation
Variable | \( Y=R{D}_{it}^d \) |
---|---|
\( HP{R}_{it}^d \) | 0.2574*** |
(7.061) | |
REit | −0.0319*** |
(−11.396) | |
Sizeit | 0.1747*** |
(11.399) | |
LEVit | −0.7129*** |
(−8.263) | |
Growthit | 0.0765* |
(1.752) | |
ROAit | −0.0363 |
(−0.169) | |
Top5it | 0.8972*** |
(8.788) | |
Stateit | −0.1029*** |
(−3.077) | |
Constant | −4.6123*** |
(−13.243) | |
Industry FE | YES |
Year FE | YES |
No. of obs. | 14,992 |
Number of firms | 2156 |
Pseudo R2 | 0.3924 |