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

Financial Innovation

Table 2 Distribution of firms by industry and region

	Industry	Nfirms	Nobs	% of firms	% of obs
Panel A: Distribution of firms by industry
1	Energy	37	155	1.8715	1.7372
2	Materials	327	1405	16.5402	15.7475
3	industrial	498	2214	25.1896	24.815
4	Unnecessary Consume	394	1915	19.9291	21.4637
5	Necessary Consume	147	745	7.4355	8.3501
6	Medical & Health	192	950	9.7116	10.6478
7	Information technology	323	1296	16.3378	14.5258
8	Telecom	5	28	0.2529	0.3138
9	Utilities	54	214	2.7314	2.3985
Total		1977	8922	100.0000	100.0000

	Location (Province)	Nfirms	Nobs	% of firms	% of obs
Panel B: Distribution of firms by region
1	Beijing	155	675	7.8402	7.5656
2	Tianjin	27	126	1.3657	1.4122
3	Hebei	38	167	1.9221	1.8718
4	Shanxi	20	93	1.0116	1.0424
5	Inner Mongolia	14	61	0.7081	0.6837
6	Liaoning	58	261	2.9337	2.9254
7	Jilin	30	128	1.5175	1.4347
8	Heilongjiang	20	84	1.0116	0.9415
9	Shanghai	125	516	6.3227	5.7835
10	Jiangsu	217	922	10.9762	10.3340
11	Zhejiang	212	1030	10.7233	11.5445
12	Anhui	58	299	2.9337	3.3513
13	Fujian	69	340	3.4901	3.8108
14	Jiangxi	31	177	1.5680	1.9839
15	Shandong	130	552	6.5756	6.1870
16	Henan	59	308	2.9843	3.4521
17	Hubei	68	312	3.4396	3.4970
18	Hunan	64	339	3.2372	3.7996
19	Guangdong	298	1230	15.0733	13.7861
20	Guangxi	25	106	1.2645	1.1881
21	Hainan	19	69	0.9611	0.7734
22	Chongqing	25	120	1.2645	1.3450
23	Sichuan	88	392	4.4512	4.3936
24	Guizhou	16	90	0.8093	1.0087
25	Yunnan	24	111	1.2140	1.2441
26	Tibet	9	36	0.4552	0.4035
27	Shaanxi	33	147	1.6692	1.6476
28	Gansu	26	133	1.3151	1.4907
29	Qinghai	8	38	0.4047	0.4259
30	Ningxia Hui Autonomous Region	11	60	0.5564	0.6725
Total		1977	8922	100.0000	100.0000

This table presents the distribution of sample firms by industry/region. Panel A describes the distribution of firms by industry, and panel B describes the distribution of firms by region. Nfirms (Nobs.) is the number of firms (observations) in each industry/region. % of firms(obs.) is the percentage of firms (observations) represented by each industry