| (1) | (2) | (3) | (4) | (5) |
COEFFICIENT | Price = Commercial | Price = Residence | Price = Others | Price = Operating | Price = Office |
Variable | Inno | ||||
Price | −0.00404** (−2.30) | −0.00400** (−2.31) | −0.00119** (−2.49) | −0.00129 (−1.64) | 0.000893 (1.12) |
Size | −0.000134 (−0.27) | −0.000128 (−0.26) | −0.000151 (−0.30) | −0.000147 (−0.29) | −0.000148 (−0.29) |
Age | 0.00702** (2.24) | 0.00704** (2.24) | 0.00748** (2.38) | 0.00677** (2.15) | 0.00702** (2.24) |
Subsidy | 0.00539*** (3.26) | 0.00536*** (3.24) | 0.00552*** (3.34) | 0.00536*** (3.25) | 0.00545*** (3.28) |
Growth | −0.000295 (−1.35) | −0.000287 (−1.31) | −0.000278 (−1.27) | −0.000293 (−1.34) | −0.000287 (−1.31) |
Lev | −0.00176 (−1.16) | −0.00173 (−1.14) | −0.00177 (−1.17) | −0.00178 (−1.17) | −0.00175 (−1.14) |
ROA | 0.000574 (0.17) | 0.000565 (0.17) | 0.000467 (0.14) | 0.000572 (0.17) | 0.000511 (0.15) |
Constant | 0.0106 (0.58) | 0.00996 (0.56) | −0.0157 (−1.31) | −0.0120 (−0.85) | −0.0326** (−2.39) |
Year | Controlled | ||||
Industry | Controlled | ||||
Observations | 4819 | 4819 | 4816 | 4819 | 4819 |
R-squared | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |