| 模型 | 1-(1) | 1-(2) | 1-(3) | |
| 被解释变量 | Patent | Employment | RD | |
| 解释变量及 控制变量 | VC | 25.255 (4.026)*** | 0.124 (0.028)*** | 2.480 (0.681)*** |
| Tshare | 0.872 (0.649) | 0.007 (0.005) | 0.071 (0.111) | |
| LnEqu | 4.115 (3.531) | −0.034 (0.025) | −1.515 (0.604)** | |
| ROE | 0.031 (0.144) | −0.001 (0.001) | 0.031 (0.025) | |
| YEAR | Control | Control | Control | |
| IND | Control | Control | Control | |
| 样本数 | 211 | 211 | 211 | |
| 修正后R2 | 0.1742 | 0.2865 | 0.1026 | |
| F值 | 3.86 | 6.65 | 2.58 | |
| Prob(F) | 0.0000 | 0.0000 | 0.0020 | |