all

central SOE

local SOE

private enterprise

(1)

(2)

(3)

(4)

suba

13.3600***

21.5300***

13.8300***

11.7600***

(2.0010)

(4.9120)

(4.2220)

(2.5640)

resass

18.3800***

14.4900***

13.5400***

18.3000***

(1.0390)

(2.8810)

(2.6310)

(1.2550)

control variables

control

control

control

control

ind

control

control

control

control

year

control

control

control

control

prov

control

control

control

control

N

6105

819

1214

3851

LR chi2

3142.80

812.97

902.44

1713.30

Pseudo R2

0.1459

0.2661

0.2053

0.1321