all

central SOE

local SOE

private enterprise

Model 2

suba

0.3770***

0.4710***

0.0869**

0.0438***

(0.0200)

(0.0508)

(0.0347)

(0.0275)

control variables

control

control

control

control

N

8889

1136

1829

5580

LR chi2

4442.47

1014.18

1089.76

2700.97

Pseudo R2

−0.0960

−0.1750

−0.1080

−0.0930

Model 4

suba

0.5490***

0.8390***

0.4040***

0.5420***

(0.0482)

(0.1230)

(0.0905)

(0.0647)

suba2

−4.7220***

−10.2300***

−7.7360***

−3.0380*

(1.2030)

(3.1170)

(2.0420)

(1.7120)

control variables

control

control

control

control

N

8889

1136

1829

5580

LR chi2

4457.86

1024.90

1104.06

2704.11

Pseudo R2

−0.0960

−0.1770

−0.1100

−0.0930