Table 3.

Review disagreements, cultural capital and cultural discount in China, (Pooled-OLS estimation over the 1994–2019 period).

Dependent variable: Logarithm of Chinese box office revenue (lnCR)	(1)	(2)	(3)	(4)	(5)
Log U.S. box office revenue (lnAR)	0.50***	0.44***	0.49***	0.43***	0.42***
	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)
Review Disagreements (RD)	−0.17**	−0.17**	−0.19**	−0.20**	−0.30***
	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)
Cultural Capital (lnCC)	0.33***	0.29***	0.38***	0.34***	0.20***
	(0.05)	(0.05)	(0.05)	(0.05)	(0.06)
Co-production		0.77***		0.79***	0.75***
		(0.16)		(0.16)	(0.16)
Wins		0.00		0.00	0.00
		(0.00)		(0.00)	(0.00)
Nominations		0.00		0.00	−0.00
		(0.00)		(0.00)	(0.00)
Sequel		0.07***		0.07***	0.05***
		(0.01)		(0.01)	(0.01)
Remake		−0.02		0.00	−0.01
		(0.14)		(0.14)	(0.14)
Logarithm of GDP per capita in China	1.52**	1.40**
	(0.66)	(0.64)
Logarithm of GDP per capita in the U.S.	−10.13***	−10.05***
	(2.24)	(2.17)
Logarithm of total screens in China	0.48***	0.53***
	(0.16)	(0.15)
Logarithm of total screens in the U.S.	−0.82	−0.12
	(3.52)	(3.42)
Action					0.25**
					(0.12)
Comedy					−0.44***
					(0.12)
Science Fiction					0.29**
					(0.12)
Romance					0.10
					(0.18)
Family					0.06
					(0.23)
Adventure					0.17
					(0.11)
Thriller					0.09
					(0.15)
Drama					−0.22*
					(0.13)
Horror					−0.09
					(0.13)
Year dummy	No	No	Yes	Yes	Yes
R-squared	0.513	0.549	0.532	0.570	0.604
N	652	652	652	652	652

Note: The values in parentheses below each estimated coefficient are the estimated standard errors. ***, **, and *, respectively, represent significance at the 1 %, 5 % and 10 % level.