Table 4 Average marginal effects of innovation output on financial performance under different levels of financial constraints
From: Could more innovation output bring better financial performance? The role of financial constraints
Group | n | IFC | MFC | AME | Std Err | z | p > z | 95% Conf. Interval | |
|---|---|---|---|---|---|---|---|---|---|
1 | 85,882 | Low | – | 0.333 | 0.004 | 82.440 | 0.000 | 0.325 | 0.341 |
2 | 57,093 | High | – | 0.186 | 0.004 | 47.920 | 0.000 | 0.179 | 0.194 |
3 | 72,698 | – | Low | 0.307 | 0.005 | 66.850 | 0.000 | 0.298 | 0.316 |
4 | 70,277 | – | High | 0.258 | 0.004 | 66.900 | 0.000 | 0.250 | 0.265 |
5 | 47,677 | Low | Low | 0.348 | 0.006 | 58.280 | 0.000 | 0.336 | 0.360 |
6 | 38,205 | Low | High | 0.302 | 0.006 | 54.440 | 0.000 | 0.291 | 0.313 |
7 | 25,021 | High | Low | 0.193 | 0.006 | 32.800 | 0.000 | 0.181 | 0.204 |
8 | 32,072 | High | High | 0.167 | 0.005 | 32.550 | 0.000 | 0.157 | 0.177 |