Table 9. Robust test on subgroups of zombies and non-zombies

Dependent variables	Log odd ratio of the probability of patent application		Log odd ratio of the probability of commercialization
Subgroup	Zombies	Non-zombies	Zombies	Non-zombies
β3 Government fundi	0.095** (0.04)	0.059*** (0.02)	0.001 (0.03)	–0.008 (0.01)
β4 Project durationi	–0.156 (0.23)	0.223** (0.10)	0.106 (0.19)	0.198** (0.08)
β5 Partnersi	0.002 (0.15)	0.184** (0.07)	0.150 (0.13)	0.119* (0.06)
β6 Technological readiness level	-	-	0.205 (0.13)	0.195*** (0.05)
Constant	0.389 (0.87)	–1.153*** (0.36)	–2.750** (1.16)	–2.304*** (0.47)
Observations	127	640	116	605
Tech. field fixed	Yes	Yes	Yes	Yes
Log likelihood	–61.658	–347.096	–70.975	–367.132

are statistical significance at 1%,
5%,
10%, respectively; standard errors are also reported in parentheses.