|
| (1) | (2) |
| Dual Employment | Non Dual Employment | |
| Innov | Innov | |
| Degree | −1.267*** | −0.457** |
|
| (−3.121) | (−2.546) |
| Size | 4.678** | 5.577*** |
|
| (2.553) | (2.774) |
| ROA | −0.447 | −3.741 |
|
| (−0.033) | (−0.476) |
| Growth | 1.333** | −0.109 |
|
| (2.387) | (−0.177) |
| Lev | 13.435** | 2.819 |
|
| (2.305) | (0.516) |
| Top1 | 0.129 | 0.052 |
|
| (1.270) | (0.636) |
| Top31 | 4.430 | 0.579 |
|
| (1.247) | (0.240) |
| o.DUAL | - | - |
| PID | −8.852 | 8.442 |
|
| (−0.867) | (0.953) |
| State |
| −0.698 |
|
|
| (−0.338) |
| Constant | −83.563** | −115.311*** |
|
| (−2.149) | (−2.792) |
| IND | controlled | controlled |
| Year | controlled | controlled |
| Observations | 246 | 273 |
| Adjusted R-squared | 0.140 | 0.169 |