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Table 12 Regression results of the overall sample: Patents are cited

From: Near is more: learning efficiency in research and development innovation among interlocking firms

  Y = Patent3t+1
X = CoPatent3t X = KmPatent3t
(1) (2)
Intercept − 12.3367*** − 12.3161***
(− 20.60) (− 20.49)
Xt 0.1595*** 0.0824***
(7.96) (8.12)
Control variables YES YES
Firm & Year FE YES YES
Adj R2 28.37% 27.12%
Obs 3246 3246
  1. This table presents the regression results of the overall sample in regression (5). We have replaced RD1 for Patent3. Column (1) and (2) respectively shows the regression results of two explanatory variables on the dependent variable. Firm fixed effects and year fixed effects are controlled in the regression. The T statistic is in parentheses under the coefficient. *, **, and *** mean statistical significance at 5%, 1%, and 0.1% respectively