(1)

(2)

Innov

Innov

Officer

1.468^***

(0.318)

Com

0.542^***

0.542^***

(0.000)

(0.000)

Officer * Com

0.288^***

(0.196)

Pro

−1.688^***

−1.681^***

(0.084)

(0.084)

(0.076)

(0.076)

Debt

−3.422^***

−3.302^***

(0.299)

(0.300)

Top1

0.008^*

0.007

(0.005)

(0.005)

Cf

−2.084^***

−2.086^***

(0.330)

(0.329)

GDP

0.022^***

0.021^***

(0.004)

(0.004)

cons

0.021

0.017

(1.579)

(1.581)

固定效应

YES

YES

N

7058

7058

R2

0.109

0.113