C_ij

r

w_ij

C_ij

r

w_ij

Regional heterogeneity C₁₁

5.15

0.012

Institutional change C₃₁

4.27

0.025

Public finance budget C₁₂

5.38

0.018

Voluntary failure C₃₂

6.73

0.128

Internal effect C₁₃

6.54

0.059

Social trust C₃₃

6.46

0.082

power capital C₁₄

6.22

0.028

Cooperation mechanism C₃₄

5.43

0.270

Transaction cost C₁₅

4.69

0.006

Information disclosure C₃₅

6.19

0.053

Quasi market mechanism C₂₁

5.31

0.032

Quality of managers C₄₁

5.13

0.022

Market access standards C₂₂

5.95

0.007

Management Agency C₄₂

4.38

0.009

Incomplete contracts C₂₃

5.46

0.015

Institutional norms C₄₃

6.30

0.055

Market defects C₂₄

3.95

0.003

Decision mechanism C₄₄

6.08

0.055

Supervision and restriction mechanism C₄₅

6.15

0.090

Performance evaluation mechanism C₄₆

5.85

0.033