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Table 4 Estimation results from the Cox proportion hazard regression

From: The productivity of return migrants: the case of China’s “Sea Turtles”

  (1) (2) (3) (4) (5) (6)
  Coef. Coef. Coef. Coef. Coef. Coef.
  (Std.) (Std.) (Std.) (Std.) (Std.) (Std.)
Foreign -0.65*** -0.48** -0.55** -0.42* -0.54** -0.43*
  (0.15) (0.19) (0.17) (0.21) (0.17) (0.21)
Experience -0.01 -0.01 -0.00 -0.00 -0.00 -0.00
  (0.01) (0.01) (0.02) (0.02) (0.02) (0.02)
JointVenture   -0.33   -0.28   -0.24
   (0.21)   (0.23)   (0.23)
Offshore   -0.36   -0.29   -0.25
   (0.22)   (0.25)   (0.25)
Syndicate 0.27*** 0.28*** 0.29*** 0.30*** 0.31*** 0.31***
  (0.08) (0.08) (0.09) (0.09) (0.09) (0.09)
TotalFund 0.01 0.01 0.01 0.01 0.01* 0.01
  (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
ExitRatio 0.18* 0.17* 0.20** 0.19** 0.20** 0.19**
  (0.08) (0.08) (0.07) (0.07) (0.07) (0.07)
Tenure1 -0.02* -0.01 -0.02 -0.01 -0.02 -0.02
  (0.01) (0.01) (0.01) (0.01) (0.01) (0.01)
Roundsize 0.02 0.03 0.03 0.03 0.02 0.03
  (0.02) (0.02) (0.02) (0.02) (0.02) (0.02)
Tenure2 0.03** 0.03** 0.03** 0.04** 0.05* 0.06*
  (0.01) (0.01) (0.01) (0.01) (0.02) (0.02)
Development 0.75*** 0.71*** 0.72** 0.70** 0.69** 0.68**
  (0.21) (0.20) (0.22) (0.22) (0.22) (0.22)
Expansion 1.31*** 1.25*** 1.19*** 1.18*** 1.12*** 1.11***
  (0.23) (0.23) (0.26) (0.26) (0.26) (0.26)
LateStage 1.58*** 1.54*** 1.45*** 1.48*** 1.36** 1.39**
  (0.39) (0.38) (0.42) (0.42) (0.42) (0.42)
Industry NO NO YES YES YES YES
Region NO NO YES YES YES YES
Year NO NO NO NO YES YES
N 887 887 887 887 887 887
  1. * p < 0.05, ** p < 0.01, *** p < 0.001.
  2. Industry, Region and Year denote whether or not industry, region and year fixed effects are included in the regression.