变量

创新活力

创新意识

(1)

(2)

(3)

(4)

(5)

(6)

BankLoan

0.061*** (0.021)

0.059*** (0.021)

0.060*** (0.021)

0.105*** (0.020)

0.105*** (0.020)

0.104*** (0.020)

Relationship

0.156*** (0.017)

0.155*** (0.017)

0.081*** (0.017)

0.080*** (0.017)

BankLoan * Relationship

0.070* (0.042)

0.013* (0.043)

Company Age

−0.004** (0.002)

−0.005*** (0.002)

-0.005*** (0.002)

-0.005*** (0.002)

-0.006*** (0.002)

-0.006*** (0.002)

Capital

0.012** (0.057)

0.007* (0.005)

0.007* (0.005)

0.018*** (0.054)

0.015*** (0.005)

0.015*** (0.005)

Age

−0.006*** (0.001)

−0.006*** (0.001)

-0.007*** (0.001)

-0.005*** (0.001)

-0.005*** (0.001)

-0.005*** (0.001)

Gender

0.020 (0.022)

0.018 (0.022)

0.020 (0.022)

0.019 (0.021)

0.019 (0.021)

0.019 (0.021)

Manage Age

0.007*** (0.001)

0.006*** (0.001)

0.006*** (0.001)

0.004*** (0.001)

0.004*** (0.001)

0.004*** (0.001)

Entrepreneurship Experience

0.098*** (0.017)

0.091*** (0.017)

0.091*** (0.017)

0.098*** (0.017)

0.094*** (0.017)

0.094*** (0.017)