Table 2.
Characteristics of sample firms.
| Firm Age | Industry | Employees | ||||||
|---|---|---|---|---|---|---|---|---|
| 3–5 years (exclusive) | 76 | 22.16% | Service industry | 153 | 44.61% | Fewer than 50 | 81 | 23.62% |
| 5–8 years (exclusive) | 111 | 32.36% | Non-service industry | 190 | 55.39% | 50–199人 | 111 | 32.36% |
| 8–12 years (exclusive) | 78 | 22.74% | 200–499人 | 90 | 26.24% | |||
| 12–20 years (exclusive) | 46 | 13.41% | 500–1999人 | 46 | 13.41% | |||
| 20 years and above | 32 | 9.33% | 2,000 and above | 15 | 4.37% | |||
| R&D investment by sales | Profitability | Ownership | ||||||
| Less than 2% | 96 | 27.99% | Very low | 57 | 16.62% | Privately owned (including foreign-funded) | 198 | 57.73% |
| 2%−4% (exclusive) | 69 | 20.12% | Low | 77 | 22.45% | State-owned | 145 | 42.27% |
| 4%−8% (exclusive) | 61 | 17.78% | Average | 92 | 26.82% | |||
| 8%- 20% (exclusive) | 61 | 17.78% | High | 71 | 20.70% | |||
| 20% and above | 56 | 16.33% | Very high | 46 | 13.41% |