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Table 1. 
Summary statistics of the variables Perf_F (firm's performance), RDinv (R&D investments), Inno_Pol (innovation-support policies), and EIC (embedded innovative capacity)
NMinimumMaximumMeanStd. Deviation
Firm's Performance (Perf_F)      
Profits – subsidies & tax reliefs in 2009 (10,000 RMB) 405 −3,463 23,421 531.015 2,083.95 
R&D Investments (RDinv)      
R&D expenditure in 2009 (10,000 RMB) 405 0.00 8,520 152.99 678.74 
Innovation Support Policies (Inno_pol) 405 0.00 1,739 31.05 137,26 
Embedded Innovative Capacity (EIC)      
Intellectual property in capital (%) 405 0.000 70.00 3.57 9.52 
Non-protected owned technology in capital (%) 405 0.000 30.00 1.32 4.06 
Total number of full-time employees in 2009 405 1,980 172 270 
Company age (years) 405 20.00 7.98 4.38 
Valid N 405     
NMinimumMaximumMeanStd. Deviation
Firm's Performance (Perf_F)      
Profits – subsidies & tax reliefs in 2009 (10,000 RMB) 405 −3,463 23,421 531.015 2,083.95 
R&D Investments (RDinv)      
R&D expenditure in 2009 (10,000 RMB) 405 0.00 8,520 152.99 678.74 
Innovation Support Policies (Inno_pol) 405 0.00 1,739 31.05 137,26 
Embedded Innovative Capacity (EIC)      
Intellectual property in capital (%) 405 0.000 70.00 3.57 9.52 
Non-protected owned technology in capital (%) 405 0.000 30.00 1.32 4.06 
Total number of full-time employees in 2009 405 1,980 172 270 
Company age (years) 405 20.00 7.98 4.38 
Valid N 405     

Source: Authors’ calculations.

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