Variables | Symbols | Full name of variables | The definition of variables |
Dependent variable | INNO_T | Innovation | Natural logarithm of total number of patents at the end of year t + 2 |
INNO_TR | Innovation | Natural logarithm of total number of patents pro ratio at the end of year t + 2 (Robust test) | |
Independent variable | OVERSEA_M | Mean overseas social capital | Mean number of people in executive team who have oversea working experiences at year t |
Mediate variable | PRESTIGE | Prestige in network | The degree centrality of the listed firm’s whole network at the end of year t + 1 |
POWER | Power in network | The effect size in the listed firm’s whole network at the end of year t + 1 | |
Moderate variable | GOVENMENT_M_N | Mean government social capital | Mean number of people in executive team who have national government working experiences at year t |
GOVENMENT_M_P | Mean government social capital | Mean number of people in executive team who have provincial government working experiences at year t (Robust test) | |
Control variable | SCALE | Scale of the enterprise | Natural logarithm of the number of the employees at the end of year t |
AGE | Age of the enterprise | Length of time from the founding year to the year t | |
SOE | Nature of actual controller | Dumb variable, the variable values 1 when the actual controller is state-owned enterprises, otherwise the variable values 0 | |
DUAL | Dual | Dumb variable, the variable values 1 when a person is both the chairman of the board and the general manager at the end of year t, otherwise values 0 | |
BOARD | Board Scale | Board scale of the enterprise at the end of year t | |
IND | Industry | Dumb variable, set up to refer to 2001 SFC industry classification. | |
YEAR | Year | The year that the data was collected |