From: Innovative behavior and the Chinese enterprise survival risk: an empirical research
Explanatory variables | Cox model (index regression) | Cloglog model | Samples of non-state-owned enterprises | ||||
---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | |
INNOV | 0.890a (0.013) | 0.876a (0.028) | 0.851a (0.029) | 0.876a (0.028) | 0.875a (0.030) | 0.855a (0.030) | 0.853a (0.029) |
C | 0.520a (0.015) | 0.404a (0.013) | 0.388a (0.012) | 0.402a (0.013) | 0.406a (0.013) | 0.496a (0.015) | 0.473a (0.015) |
Profit | 0.964 (0.128) | 0.966 (0.128) | 0.964 (0.128) | 0.966 (0.128) | 0.956 (0.124) | 0.958 (0.124) | 0.963 (0.123) |
Size | 0.759a (0.028) | 0.656a (0.003) | 0.659a (0.028) | 0.682b (0.003) | 0.731b (0.025) | 0.754a (0.025) | 0.752a (0.003) |
Age | 0.921a (0.018) | 0.833a (0.017) | 0.832a (0.017) | 0.875b (0.017) | 0.844b (0.017) | 0.882a (0.020) | 0.882a (0.020) |
TFP | 0.888a (0.004) | 0.873a (0.004) | 0.888a (0.004) | 0.873a (0.004) | 0.897c (0.004) | 0.846a (0.004) | 0.842a (0.004) |
Export | 0.894 (0.006) | 0.879 (0.006) | 0.883 (0.006) | 0.873 (0.006) | 0.868 (0.006) | 0.891 (0.006) | 0.892 (0.006) |
Finance | 0.854 (0.017) | 0.831c (0.017) | 0.830c (0.017) | 0.831c (0.017) | 0.830 (0.017) | 0.868c (0.016) | 0.865 (0.016) |
Owner | 0.637a (0.022) | 0.614a (0.023) | 0.602a (0.022) | 0.614a (0.023) | 0.602a (0.023) | 0.627a (0.023) | 0.605a (0.021) |
Profitc INNOV | 0.970 (0.113) | 0.947 (0.108) | 0.925 (0.110) | ||||
Sizec INNOV | 0.933a (0.016) | 0.916c (0.015) | 0.927a (0.016) | ||||
Agec INNOV | 0.821b (0.007) | 0.802c (0.007) | 0.814b (0.007) | ||||
TFPc INNOV | 0.870c (0.015) | 0.866c (0.015) | 0.861c (0.014) | ||||
Exportc INNOV | 0.837 (0.039) | 0.835 (0.039) | 0.830 (0.038) | ||||
Financec INNOV | 1.014b (0.047) | 1.006c (0.047) | 1.008c (0.042) | ||||
Ownerc INNOV | 1.075 (0.067) | 1.244 (0.067) | 1.072 (0.071) | ||||
Industry | No | Yes | Yes | Yes | Yes | Yes | Yes |
Year | No | Yes | Yes | Yes | Yes | Yes | Yes |
Area | No | Yes | Yes | Yes | Yes | Yes | Yes |
Log likelihood | −112,184.31 | −99,372.26 | −99,464.77 | −99,388.21 | −99,361.93 | −98,471.88 | −98,463.69 |
Number of samples | 184,282 | 184,282 | 184,282 | 184,282 | 184,282 | 123,061 | 123,061 |
Rho value | 0.164 | 0.168 | |||||
Likelihood ratio test of rho value | 150.31 (0.128) | 148.76 (0.111) |