(1) |
(2) |
(3) |
|
lnpatent2 |
lnpatent |
lnpatent |
|
Fin |
−0.547*** |
−0.786*** |
|
(−5.58) |
(−6.56) |
||
L.fin |
−0.371*** |
||
(−2.58) |
|||
ROA |
0.037 |
−0.148 |
0.590*** |
(0.31) |
(−0.97) |
(4.08) |
|
Growth |
0.068*** |
−0.027 |
0.063*** |
(3.98) |
(−1.25) |
(2.98) |
|
Board |
0.750*** |
0.606*** |
0.842*** |
(13.56) |
(6.38) |
(12.70) |
|
Share |
0.095 |
−0.125 |
0.069 |
(1.49) |
(−0.83) |
(0.93) |
|
OGR |
−0.116*** |
0.090*** |
−0.147*** |
(−9.82) |
(3.20) |
(−7.90) |
|
_cons |
−1.896*** |
−0.997*** |
−1.175*** |
(−11.24) |
(−2.69) |
(−5.64) |
|
N |
18096 |
13780 |
16796 |
r2 |
0.123 |
0.156 |
0.154 |
Ind |
Yes |
Yes |
Yes |
Year |
Yes |
Yes |
Yes |