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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.