| (1) Innovationt+1 | (2) Innovationt+1 |
BTD | 3.2190** |
|
| [1.2801] |
|
DDBTD |
| 3.7939*** |
|
| [1.2985] |
MP | −0.1067** | −0.1046** |
| [0.0443] | [0.0445] |
MP_BTD | −0.2593* |
|
| [0.1555] |
|
MP_DDBTD |
| −0.4085** |
|
| [0.1994] |
_cons | −12.2270*** | −12.2502*** |
| [1.2280] | [1.2351] |
行业 | 控制 | 控制 |
年度 | 控制 | 控制 |
N | 1956 | 1956 |
r2 | 0.4352 | 0.4359 |