all

central SOE

local SOE

private enterprise

(1)

(2)

(3)

(4)

suba

14.9700***

25.7500***

13.5500***

14.2000***

(2.1250)

(5.2980)

(4.2040)

(2.7930)

resass

19.1700***

16.6100***

12.2000***

19.2700***

(1.0950)

(3.0470)

(2.6520)

(1.3290)

suba*resass

−160.1000**

−367.5000**

590.3000***

−192.2000**

(71.3600)

(175.2000)

(185.7000)

(87.6300)

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

3147.83

817.36

912.50

1717.85

Pseudo R2

0.1460

0.2670

0.2080

0.1320