Table 10 Regional economic incentives...

Table 10

Regional economic incentives and market share controlling for net proceeds

	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	−0.457*** (−3.20)			−0.490** (−2.35)
Local Economic Incentives		2.124*** (4.95)			1.453*** (17.85)
Diff in loc_cen Economic Incentives			0.853*** (5.01)			0.676*** (6.01)
Proceeds	0.928*** (4.09)	0.929*** (4.31)	0.940*** (4.20)	0.077 (0.41)	0.074 (0.38)	0.084 (0.45)
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	0.3515	0.3766	0.3645	0.4631	0.4798	0.4745
N	1,593	1,593	1,593	1,593	1,593	1,593

	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	−0.457*** (−3.20)			−0.490** (−2.35)
Local Economic Incentives		2.124*** (4.95)			1.453*** (17.85)
Diff in loc_cen Economic Incentives			0.853*** (5.01)			0.676*** (6.01)
Proceeds	0.928*** (4.09)	0.929*** (4.31)	0.940*** (4.20)	0.077 (0.41)	0.074 (0.38)	0.084 (0.45)
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	0.3515	0.3766	0.3645	0.4631	0.4798	0.4745
N	1,593	1,593	1,593	1,593	1,593	1,593

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

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