The non-parametric test

Survival rate

variable

Log-rank

Description

5 years

10 years

15 years

Firm type

81.66

1 = TSPs

0.897

0.646

0.485

(<0.0001)

2 = WSPs

0.866

0.711

0.576

3 = FFCs

0.819

0.593

0.487

4 = ILSPs

0.979

0.958

0.924

Branch

10.99

1 = branch

0.821

0.604

0.440

(0.0009)

0 = non-branch

0.882

0.655

0.536

Ownership

7.89

1 = foreign-owned

0.944

0.779

0.742

(0.0050)

0 = domestic-owned

0.875

0.648

0.513

Location

43.01

1 = rural area

0.905

0.723

0.666

(<0.0001)

0 = urban area

0.855

0.613

0.468

Entry timing

157.61

1 = early-stage (1984-2005)

0.932

0.809

0.664

(<0.0001)

2 = medium-stage (2006-2010)

0.901

0.628

----

3 = late-stage (2011-2016)

0.850

----

----

Size

184.33

1 = large scale

0.928

0.842

0.817

(<0.0001)

0 = small scale

0.857

0.581

0.410