Te |
Productivity |
DEA model operation |
Fr |
Financing constraints |
Financing constraint = interest expense/total assets |
Int1 |
Financing constraints and R&D expenditure interaction |
Interaction term = financing constraint * R&D investment |
Int2 |
Interaction item between financing contract and investment behaviour |
Interactivity = Financing Constraints = Long-term Investment |
Int3 |
Financing constraints and export behaviour interaction item |
Interaction term = financing constraint * export delivery value |
Int4 |
Interaction term between financing constraints and employee compensation |
Interaction term = financing constraint * employee compensation |
Size |
The size of the business |
Firm size = number of employees take logarithm |
Air |
Debt to asset ratio |
Asset-liability ratio = total liabilities/total assets |
Den |
Asset intensity |
Capital intensity = net fixed assets/number of employees |
Sub |
Government subsidies |
Industrial Enterprise Database Direct Access to |
Tax |
Tax burden |
Tax burden = tax expenditure/sales |