Table 4 IBTC related to the quality of...

Table 4

IBTC related to the quality of innovation workers and IA at the industry level

	R&D-IBTC		OC-IBTC
	All firms	Large-market-share firms	All firms	Large-market-share firms
R&D asset per employee	13.630*	24.702**	−6.540*	−10.640**
	(5.653)	(7.731)	(3.004)	(3.947)
R&D asset per employee squared	−0.714*	−1.235**	0.328*	0.488*
	(0.282)	(0.391)	(0.150)	(0.200)
OC asset per employee	−0.616	−0.158	−0.624	−0.849*
	(0.545)	(0.866)	(0.329)	(0.353)
Export per employee	−0.473	−1.814***	0.679	0.938***
	(0.440)	(0.532)	(0.351)	(0.197)
Import per employee	0.818*	1.910***	−0.662	−0.897***
	(0.416)	(0.540)	(0.371)	(0.213)
Tangible capital per employee	0.263	−0.526	0.025	1.291**
	(0.688)	(1.267)	(0.303)	(0.417)
Small-market-share firm	3.439	-	1.308	-
	(1.789)		(0.862)
Large-market-share firm	3.533	-	−2.404*	-
	(1.860)		(1.033)
Observations	2,230	2,230	1,222	1,222
R squared	0.249	0.230	0.369	0.416

	R&D-IBTC		OC-IBTC
	All firms	Large-market-share firms	All firms	Large-market-share firms
R&D asset per employee	13.630*	24.702**	−6.540*	−10.640**
	(5.653)	(7.731)	(3.004)	(3.947)
R&D asset per employee squared	−0.714*	−1.235**	0.328*	0.488*
	(0.282)	(0.391)	(0.150)	(0.200)
OC asset per employee	−0.616	−0.158	−0.624	−0.849*
	(0.545)	(0.866)	(0.329)	(0.353)
Export per employee	−0.473	−1.814***	0.679	0.938***
	(0.440)	(0.532)	(0.351)	(0.197)
Import per employee	0.818*	1.910***	−0.662	−0.897***
	(0.416)	(0.540)	(0.371)	(0.213)
Tangible capital per employee	0.263	−0.526	0.025	1.291**
	(0.688)	(1.267)	(0.303)	(0.417)
Small-market-share firm	3.439	-	1.308	-
	(1.789)		(0.862)
Large-market-share firm	3.533	-	−2.404*	-
	(1.860)		(1.033)
Observations	2,230	2,230	1,222	1,222
R squared	0.249	0.230	0.369	0.416

Note(s): All except the dummy variables are in logs. Dummies cover 33 NACE 2-digit industries, 18 NACE-3 regions and years. p-values: *p < 0.05, **p < 0.01, ***p < 0.001

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