变量	(1)	(2)	(3)	(4)
变量	OFDI	OFDI	OFDI	OFDI
Digec	0.399^***	0.340^***	0.254^***	0.277^***
	(0.029)	(0.030)	(0.029)	(0.029)
Size			0.114^***	0.119^***
			(0.003)	(0.003)
Roa			0.067	0.024
			(0.085)	(0.084)
Lev			−0.041^**	0.062^***
			(0.020)	(0.020)
Age			−0.001	−0.001^**
			(0.001)	(0.001)
Growth			−0.007	−0.003
			(0.008)	(0.008)
Indep			0.186^***	0.129^**
			(0.055)	(0.054)
Dual			0.041^***	0.029^***
			(0.007)	(0.007)
Large			−0.002^***	−0.001^***
			(0.000)	(0.000)
State			−0.166^***	−0.124^***
			(0.007)	(0.007)
Fixdrate			−0.066^***	−0.134^***
			(0.020)	(0.023)
Constant	0.232^***	0.242^***	−2.140^***	−2.294^***
	(0.006)	(0.006)	(0.062)	(0.064)
Year-FE	No	Yes	No	Yes
Ind-FE	No	Yes	No	Yes
Obs.	22,370	22,370	22,369	22,369
R2	0.008	0.060	0.095	0.149