Table 9 Eliminating the influence of...

Table 9

Eliminating the influence of suspending and restarting the IPO program

	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	−0.928*** (−4.73)			−0.970*** (−4.65)
Local Economic Incentives		2.031*** (4.09)			1.845*** (16.85)
Diff in loc_cen Economic Incentives			1.099*** (4.58)			1.065*** (10.69)
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	0.4078	0.4223	0.4215	0.5186	0.5339	0.5368
N	1,152	1,152	1,152	1,152	1,152	1,152

	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	−0.928*** (−4.73)			−0.970*** (−4.65)
Local Economic Incentives		2.031*** (4.09)			1.845*** (16.85)
Diff in loc_cen Economic Incentives			1.099*** (4.58)			1.065*** (10.69)
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	0.4078	0.4223	0.4215	0.5186	0.5339	0.5368
N	1,152	1,152	1,152	1,152	1,152	1,152

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 9 are the same as in Table 3 and are untabulated for brevity

[ViewLarge]

Sharing Unavailable