政府补贴与资源循环利用企业生产率——基于中国上市公司面板门槛效应实证研究
姚海琳, 贾若康

Government subsidies and productivity of resource recycling enterprises —— an empirical study on panel threshold effect of listed enterprises in China
Hailin YAO, Ruokang JIA
表10 补贴门槛效应的内在机理检验
Table 10 The internal mechanism test of the threshold effect of subsidy
自变量 因变量(LnR 自变量 因变量(RENT
SUB≤0.016 SUB>0.027 SUB≤0.016 SUB>0.027
SUB 160.930***
(59.995)
-62.198*
(31.040)
SUB -1.635
(1.284)
1.663***
(0.513)
SIZE 23.804*
(14.211)
-219.850***
(60.373)
COM -0.492***
(0.118)
-0.519***
(0.177)
SIZE2 -0.470
(0.319)
5.125***
(1.390)
LnWAGE -0.022*
(0.012)
-0.065**
(0.030)
GROW 0.926**
(0.453)
0.914
(0.725)
AGE -0.001
(0.005)
-0.023**
(0.011)
DEBT -5.871**
(2.581)
-0.613
(8.338)
DEBT -0.125**
(0.059)
-0.309**
(0.142)
LnTFP -33.853***
(9.084)
-84.332**
(36.183)
SIZE -0.100***
(0.024)
-0.141**
(0.052)
H10 -5.170
(3.469)
1.259
(7.060)
H10 0.141*
(0.080)
-0.093
(0.124)
Year 控制 控制 Year 控制 控制
C -181.960
(158.401)
2 595.412***
(690.233)
C 2.548***
(0.421)
4.702***
(1.146)
R2within 0.304 0.553 R2within 0.714 0.860
F 统计量 4.250*** 2.690** F 统计量 26.980*** 15.320***
样本 162 58 样本 162 58