How does network intermediary affect collaborative innovation? Evidence from Chinese listed companies

Figures & Tables

Variable	Collaborative innovation performance
Variable	M1	M2	M3	M4	M5	M6	M7
BC	0.008^*** (0.001)	0.001^*** (0.000)	0.002^*** (0.000)	0.002^*** (0.000)	0.002^*** (0.000)	0.004^*** (0.000)	0.005^*** (0.000)
CL			0.206^*** (0.049)	0.208^*** (0.049)			0.412^*** (0.000)
ST					0.068^*** (0.001)	0.069^*** (0.001)	0.070^*** (0.000)
BC×ST						0.001^*** (0.000)	0.000^*** (0.000)
BC×CL				-0.005^*** (0.002)			-0.006^*** (0.000)
TR		0.061^*** (0.002)	0.057^*** (0.003)	0.058^*** -0.003	0.049^*** (0.001)	0.051^*** (0.001)	0.046^*** (0.000)
EC		-0.011 (0.025)	-0.014 (0.024)	-0.015^*** (0.024)	0.126^*** (0.019)	0.116^*** (0.018)	0.110^*** (0.000)
CC		1.099^*** (0.140)	1.127^*** (0.139)	1.106^*** (0.139)	0.952^*** (0.102)	0.931^*** (0.102)	1.066^*** (0.000)
Constant	2.083^*** (0.021)	1.887^*** (0.146)	1.815^*** (0.146)	1.830^*** (0.146)	0.473^*** (0.109)	0.492^*** (0.000)	0.271^** (0.012)
N	5,720	5,720	5,720	5,720	5,720	5,720	5,720
R²	0.023	0.055	0.055	0.056	0.177	0.179	0.183

Variable	M8	M9	M10	M11	M12	M13	M14
Variable	PR	ZNBR	PR	PR	ZNBR	ZNBR	NBR
BC	-0.001***(0.000)	0.001***(0.000)	0.000***(0.000)	-0.000***(0.000)	0.004***(0.000)	0.002***(0.000)	0.298***(0.000)
ST			0.010***(0.000)		0.069***(0.000)		0.0665***(0.000)
BC×ST			0.000***(0.000)		0.000***(0.000)		1.020e-3***(0.000)
CL				0.309***(0.000)		0. 208***(0.000)	-0.510***(0.000)
BC×CL				-0.002***(0.000)		-0.005***(0.006)	0.297***(0.000)
TR	0.031***(0.000)	0.061***(0.002)	0.030***(0.000)	0.030***(0.000)	0.051***(0.000)	0.058***(0.000)	-0.062***(0.000)
EC	0.302***(0.000)	-0.011(0.024)	0.360***(0.000)	0.306***(0.000)	0.116***(0.000)	-0.0151(0.536)	0.033**(0.037)
CC	2.158***(0.000)	1.099***(0.140)	2.617***(0.000)	2.361***(0.000)	0.932***(0.000)	1.106***(0.000)	0.497***(0.000)
Constant	0.757***(0.000)	1.887***(0.146)	0.073***(0.001)	0.482***(0.000)	0.492***(0.000)	1.830***(0.000)	0.348***(0.000)
N	5,720	5,720	5,720	5,720	5,720	5,720	5,720

Variable	Number	Mean	Standard Deviation	MIN	MAX
PE	5,720	29.73	149.42	1.00	4,181
BC	5,720	10.41	98.71	0.00	2,612
CL	5,720	0.32	0.44	0.00	1.00
ST	5,720	8.86	24.01	0.20	692.00
TR	5,720	3.41	12.84	0.00	225.00
EC	5,720	2.05	1.37	1.00	9.00
CC	5,720	0.73	0.24	0.17	1.00

Period	Firm	Patent	Ego-net	Network density	Average degree	Average length path
2008-2011	261	1,614	85	0.007	1.862	1.563
2009-2012	332	2,226	98	0.006	2.066	1.667
2010-2013	368	2,970	108	0.006	2.109	1.688
2011-2014	422	3,842	122	0.005	2.199	1.873
2012-2015	489	4,782	135	0.005	2.585	1.940
2013-2016	556	5,615	144	0.005	2.712	2.178
2014-2017	643	6,732	158	0.004	2.734	1.887
2015-2018	766	9,215	175	0.004	2.851	1.913
2016-2019	886	11,506	190	0.003	2.756	2.273
2017-2020	997	13,694	204	0.003	2.776	3.093