图共 1个 表共 11
    • 图  1  审批中心实施对企业专利数量影响的趋势分析

      Figure 1. 

    • 变量名称变量简写变量定义
      企业创新绩效lnPatent企业申请的专利总数的对数
      lnPatent发明企业申请的发明专利总数的对数
      lnPatent非发明企业申请的非发明专利总数的对数
      lnSpend企业研发投入的对数
      设立行政
      审批中心
      D政策效应虚拟变量:当某企业所在地区当年已经设立行政审批中心,取1,否则取0
      地区法治
      水平
      L高于全国地级市律所数量的中位数即为高法治地区,L取1,否则L取0
      控制变量LEV资产负债率:负债总额/总资产
      ROA总资产收益率:净利润/总资产
      ROE净资产收益率:净利润/所有者权益
      lnAsset公司规模(总资产)的对数
      lnEmployment企业员工数量的对数
      Age企业年龄:企业成立年份与2016年相差的年数

      表 1  主要变量及其定义

    • 变量均值标准差最小值1/4分位中位值3/4分位最大值
      lnPatent2.2151.4190.0001.0992.1973.0918.610
      lnPatent发明1.6181.2970.0000.6931.3862.3988.391
      lnPatent非发明1.9761.3680.0001.0991.9462.8337.356
      lnSpend8.3621.4823.9947.4858.3799.22012.427
      LEV0.4480.5680.0080.2900.4350.5880.935
      ROA0.0420.226−0.1570.0130.0380.0680.193
      ROE0.1346.927−0.5800.0300.0720.1170.331
      lnAsset21.9231.38017.01921.03021.69422.53030.815
      lnEmployment7.9071.1791.6097.1187.7968.56813.223
      Age17.1104.790514172148

      表 2  主要变量描述性统计分析

    • 被解释变量:lnPatent
      (1)(2)(3)(4)
      D0.113**0.075*0.0790.08
      (0.047)(0.045)(0.118)(0.118)
      L0.285***0.289**
      (0.118)(0.117)
      D·L0.0670.047
      (0.127)(0.126)
      LEV−0.721−0.034
      (0.073)(0.022)
      ROA−0.051.083***
      (0.165)(0.176)
      ROE0.009−0.028***
      (0.005)(0.006)
      lnAsset0.0230.070***
      (0.026)(0.016)
      lnEmployment0.223***0.343***
      (0.019)(0.019)
      Age−0.012***−0.012***
      (0.003)(0.003)
      企业特征控制变量
      时间固定效应
      OBS107901050890289028
      R-square0.0940.2160.1900.198
        注:括号中数字为标准误。***、**、*分别代表参数估计值在1%、5%和10%水平下显著(以下各表同)。

      表 3  设立行政审批中心对企业创新绩效的影响

    • 被解释变量T+1期专利产出T+2期专利产出T+3期专利产出
      (1)(2)(3)(4)(5)(6)
      D0.091*0.0670.099*0.0620.113*−0.051
      (0.049)(0.135)(0.051)(0.143)(0.052)(0.150)
      L0.224*0.258*0.189
      (0.134)(0.141)(0.147)
      D·L0.0390.0170.107
      (0.144)(0.152)(0.160)
      LEV−0.642***−0.525***−0.720***−0.700***−0.658***−0.650***
      (0.085)(0.092)(0.088)(0.100)(0.101)(0.110)
      ROA0.445**0.637***0.3000.3020.2980.266
      (0.203)(0.220)(0.220)(0.235)(0.332)(0.252)
      ROE−0.008−0.014***−0.004−0.0040.0010.012
      (0.006)(0.007)(0.007)(0.007)(0.123)(0.025)
      lnAsset0.036***0.035***0.038***0.038***0.043***0.041***
      (0.002)(0.002)(0.002)(0.002)(0.005)(0.003)
      lnEmployment0.200***0.210***0.194***0.204***0.253***0.190***
      (0.018)(0.020)(0.020)(0.022)(0.024)(0.024)
      Age−0.008***−0.008***−0.007**−0.005−0.006−0.006*
      (0.003)(0.003)(0.003)(0.004)(0.004)(0.004)
      企业特征控制变量
      时间固定效应
      OBS786267286783580057974942
      R-square0.2190.2210.2100.2130.2240.216
      注:括号中数字为标准误。***、**、*分别代表参数估计值在1%、5%和10%水平下显著(以下各表同)。

      表 4  设立行政审批中心对企业创新绩效的滞后影响

    • 被解释变量:lnPatent
      金融危机前:1995—2007金融危机后:2008—2016
      (1)(2)(3)(4)(5)(6)(7)(8)
      D0.1070.074−0.038−0.1890.140**0.131**−0.003−0.166
      (0.079)(0.068)(0.232)(0.206)(0.06)(0.060)(0.172)(0.171)
      L0.399*0.353*0.262*0.325*
      (0.232)(0.186)(0.143)(0.173)
      D·L0.1510.1690.258*0.353*
      (0.249)(0.221)(0.148)(0.181)
      LEV−0.967***−0.848***−0.729***−0.001
      (0.105)(0.135)(0.164)(0.022)
      ROA−0.2510.047−0.914***0.090
      (0.250)(0.367)(0.290)(0.264)
      ROE0.006−0.002−0.001−0.018
      (0.019)(0.024)(0.042)(0.043)
      lnAsset−0.027−0.0250.0190.071***
      (0.038)(0.044)(0.056)(0.017)
      lnEmploymnet0.252***0.238***0.073**0.065**
      (0.030)(0.034)(0.035)(0.031)
      Age−0.017***−0.012**−0.006−0.005
      (0.072)(0.004)(0.007)(0.008)
      企业特征控制变量
      时间固定效应
      OBS25972395197718874233422733753309
      R-square0.0170.2150.0280.2370.0490.1710.0440.149

      表 5  金融危机前后设立行政审批中心对企业创新绩效的影响

    • 金融危机后:2008—2016
      被解释变量T+1期专利产出T+2期专利产出T+3期专利产出
      (1)(2)(3)(4)(5)(6)
      D0.144**−0.2620.132*0.0940.151**−0.155
      (0.068)(0.220)(0.070)(0.217)(0.072)(0.248)
      L0.3980.412*0.205
      (0.248)(0.244)(0.259)
      L·D0.407**0.166*0.349*
      (0.210)(0.095)(0.176)
      LEV−0.752***−0.447***−0.809***−0.381**−0.917***−0.292
      (0.193)(0.162)(0.196)(0.191)(0.202)(0.201)
      ROA−0.4110.242−0.2100.096−0.553−0.159
      (0.319)(0.296)(0.319)(0.315)(0.332)(0.317)
      ROE0.034−0.003−0.0030.0640.045−0.066
      (0.044)(0.028)(0.054)(0.044)(0.046)(0.043)
      lnAsset0.1420.124***0.0760.0760.0700.146**
      (0.670)(0.043)(0.070)(0.068)(0.071)(0.070)
      lnEmploymnet0.086**0.254***0.114***0.099**0.103**0.109**
      (0.042)(0.031)(0.043)(0.049)(0.044)(0.050)
      Age−0.020**−0.001−0.033***−0.018*−0.045***−0.018
      (0.008)(0.026)(0.008)(0.010)(0.008)(0.011)
      企业特征控制变量
      时间固定效应
      OBS309324312561200620461763
      R-square0.1840.2080.1890.2280.2010.228

      表 6  金融危机后设立行政审批中心对企业创新绩效的滞后影响

    • 金融危机后:2008—2016
      发明类专利非发明类专利
      (1)(2)(3)(4)
      D0.210***−0.2520.115*−0.314
      (0.064)(0.218)(0.069)(0.196)
      L0.141*0.032
      (0.080)(0.165)
      D·L0.389*0.465**
      (0.235)(0.208)
      企业特征控制变量
      时间固定效应
      OBS3615284234002717
      R-square0.2280.2440.2200.228

      表 7  设立行政审批中心对发明和非发明专利的影响

    • 被解释变量:D
      (1)(2)
      lnPatent0.0010.001
      (0.001)(0.003)
      时间固定效应
      地区固定效应
      OBS94519451
      R-sq0.3040.313

      表 8  样本选择误差检验回归结果

    • 被解释变量:lnPatent
      dif≥−3时D=1dif≥−2时,D=1
      (1)(2)(3)(4)
      D−0.079−0.104−0.048−0.108
      (0.640)(0.085)(0.057)(0.082)
      L0.0820.067
      (0.073)(0.077)
      D·L0.0870.104
      (0.065)(0.070)
      企业特征控制变量
      时间固定效应
      OBS9696879796968797
      R-sq0.2250.2210.2250.221

      表 9  安慰剂检验结果

    • 被解释变量:lnSpend
      (1)(2)(3)(4)
      D0.263***0.209**−0.228−0.251
      (0.097)(0.083)(0.262)(0.210)
      L0.500*0.483**
      (0.265)(0.213)
      D·L0.583**0.424*
      (0.284)(0.228)
      LEV−0.35−0.582***
      (0.125)(0.133)
      ROA2.026***2.008***
      (0.336)(0.358)
      ROE0.0040.006
      (0.021)(0.020)
      lnAsset0.0520.465***
      (0.050)(0.029)
      lnEmploymnet0.712***0.288***
      (0.020)(0.031)
      Age−0.030***−0.021***
      (0.004)(0.004)
      企业特征控制变量
      时间固定效应
      OBS3609338428882700
      R-square0.0940.4000.1290.487

      表 10  金融危机后设立行政审批中心对企业创新经费投入的影响

    • 被解释变量:lnPatent
      (1)(2)(3)(4)
      D−0.027−0.045−0.079−0.166
      (0.063)(0.063)(0.220)(0.217)
      L0.1990.256
      (0.223)(0.219)
      D·L−0.0150.037
      (0.238)(0.234)
      lnSpend0.111***0.082***0.429***0.303***
      (0.012)(0.014)(0.015)(0.019)
      LEV−0.183*−0.460***
      (0.098)(0.141)
      ROA0.185−0.288
      (0.246)(0.377)
      ROE−0.017−0.007
      (0.014)(0.023)
      lnAsset0.013−0.010
      (0.024)(0.046)
      lnEmploymnet0.074***0.183***
      (0.024)(0.037)
      Age0.028−0.014
      (0.062)(0.081)
      企业特征控制变量
      时间固定效应
      OBS3587312128622687
      R-square0.6430.6920.6490.678

      表 11  金融危机后设立行政审批中心对企业创新绩效的影响机制(控制研发经费)