Table 8 Eliminating the influence of...

Table 8

Eliminating the influence of firm size

	IPO_Rev market share	IPO_Rev Market share	IPO_Rev Market share	IPO_Num Market share	IPO_Num Market share	IPO_Num Market share
	(1)	(2)	(3)	(4)	(5)	(6)
Central Economic Incentives	−0.478*** (−3.04)			−0.496** (−2.22)
Local Economic Incentives		2.007*** (5.92)			1.457*** (17.50)
Diff in loc_cen Economic Incentives			0.833*** (5.26)			0.683*** (5.65)
Control Var	Y	Y	Y	Y	Y	Y
Year F.E	Y	Y	Y	Y	Y	Y
Industry F.E	Y	Y	Y	Y	Y	Y
Adjust R²	0.3428	0.3654	0.3551	0.4707	0.4874	0.4822
N	1,581	1,581	1,581	1,581	1,581	1,581

	IPO_Rev market share	IPO_RevMarket share	IPO_RevMarket share	IPO_NumMarket share	IPO_NumMarket share	IPO_NumMarket share
	(1)	(2)	(3)	(4)	(5)	(6)
Central Economic Incentives	−0.478*** (−3.04)			−0.496** (−2.22)
Local Economic Incentives		2.007*** (5.92)			1.457*** (17.50)
Diff in loc_cen Economic Incentives			0.833*** (5.26)			0.683*** (5.65)
Control Var	Y	Y	Y	Y	Y	Y
Year F.E	Y	Y	Y	Y	Y	Y
Industry F.E	Y	Y	Y	Y	Y	Y
Adjust R²	0.3428	0.3654	0.3551	0.4707	0.4874	0.4822
N	1,581	1,581	1,581	1,581	1,581	1,581

Note(s): See Table 1 for the variable definitions. The intercept is included but not tabulated. T-statistics are given in brackets. Standard errors are clustered at the industry level. *, ** and *** indicate significance at the 10, 5 and 1% levels, respectively. The control variables in Table 8 are the same as in Table 3 and are untabulated for brevity

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