Independent Variable | LAF | Regression Result |
Main variable | CityL | 0.15559041*** |
Scale | −0.00147448*** | |
City L × Scale | 0.00375065*** | |
Control variable | Size | 0.42579368*** |
Cata | −0.0441803** | |
Quick | −0.00293035*** | |
LEV | 0.0532918*** | |
ROI | 0.01811415*** | |
Growth | −3.107e−06*** | |
Loss | 0.06244252*** | |
Op | −0.23961865*** | |
Fixed variable | Year | Yes |
Industry | Yes | |
Sample size and fitting degree | N | 10,227 |
| 0.42 | |
F | 129.7 |