Influence of entrepreneurial orientation on international performance through reverse innovation
| Model 1 (International performance) | Model 2 (International performance) | Model 3 (reverse innovations) | Model 4 (International performance) | |||||
|---|---|---|---|---|---|---|---|---|
| β | p-value | β | p-value | β | p-value | β | p-value | |
| Entrepreneurial orientation | – | – | 0.09 (3.21) | 0.002 | 0.046 (5) | 0.000 | 0.077 (2.99) | 0.003 |
| Reverse innovations | – | – | – | – | – | – | 0.980 (12.2) | 0.000 |
| FS | 0.81 (23.16) | 0.00 | 0.87 (16.4) | 0.000 | 1.02 (59.3) | 0.000 | −0.10 (−1.02) | 0.30 |
| BS | −0.09 (−3.06) | 0.41 | −0.03 (−0.92) | 0.357 | 0.01 (0.591) | 0.554 | −0.03 (−0.70) | 0.48 |
| ID | 0.16 (1.96) | 0.56 | 0.07 (0.68) | 0.493 | −0.05 (−1.34) | 0.207 | 0.07 (0.66) | 0.50 |
| TQ | 0.03 (1.08) | 0.59 | 0.014 (0.43) | 0.662 | −0.01 (−0.68) | 0.495 | 0.04 (1.48) | 0.13 |
| BTMA | −0.22 (−4.34) | 0.00 | −0.28 (−3.45) | 0.001 | −0.13 (−5.71) | 0.000 | −0.22 (−2.86) | 0.00 |
| AG | 0.05 (0.50) | 0.88 | 0.01 (0.053) | 0.958 | −0.25 (−5.26) | 0.000 | 0.22 (2.05) | 0.04 |
| ROE | −0.06 (−0.40) | 0.34 | −0.20 (−1.15) | 0.249 | −0.04 (−0.60) | 0.544 | −0.15 (−0.90) | 0.36 |
| BM | −0.03 (−3.00) | 0.00 | −0.04 (−3.52) | 0.000 | −0.02 (−6.53) | 0.000 | −0.03 (−2.44) | 0.01 |
| LEV | −0.18 (−0.72) | 0.51 | −0.10 (−0.283) | 0.777 | 0.83 (7.30) | 0.000 | −0.62 (−1.82) | 0.06 |
| DUAL | 0.28 (2.98) | 0.02 | 0.32 (2.47) | 0.014 | −0.09 (−1.98) | 0.048 | 0.36 (2.89) | 0.00 |
| Age | −0.04 (−5.03) | 0.00 | −0.44 (−3.27) | 0.001 | −0.23 (−4.67) | 0.000 | −0.49 (−3.54) | 0.00 |
| (Constant) | 0.87 | 0.09 (0.085) | 0.932 | −0.44 (−1.26) | 0.206 | 0.58 (0.54) | 0.84 | |
| F-values | 74.89 | 44.1 | 562.8 | 44.20 | ||||
| Adj-R2 | 0.300 | 0.306 | 0.82 | 0.40 | ||||
| Model 1 (International performance) | Model 2 (International performance) | Model 3 (reverse innovations) | Model 4 (International performance) | |||||
|---|---|---|---|---|---|---|---|---|
| Entrepreneurial orientation | – | – | 0.09 (3.21) | 0.002 | 0.046 (5) | 0.000 | 0.077 (2.99) | 0.003 |
| Reverse innovations | – | – | – | – | – | – | 0.980 (12.2) | 0.000 |
| FS | 0.81 (23.16) | 0.00 | 0.87 (16.4) | 0.000 | 1.02 (59.3) | 0.000 | −0.10 (−1.02) | 0.30 |
| BS | −0.09 (−3.06) | 0.41 | −0.03 (−0.92) | 0.357 | 0.01 (0.591) | 0.554 | −0.03 (−0.70) | 0.48 |
| ID | 0.16 (1.96) | 0.56 | 0.07 (0.68) | 0.493 | −0.05 (−1.34) | 0.207 | 0.07 (0.66) | 0.50 |
| TQ | 0.03 (1.08) | 0.59 | 0.014 (0.43) | 0.662 | −0.01 (−0.68) | 0.495 | 0.04 (1.48) | 0.13 |
| BTMA | −0.22 (−4.34) | 0.00 | −0.28 (−3.45) | 0.001 | −0.13 (−5.71) | 0.000 | −0.22 (−2.86) | 0.00 |
| AG | 0.05 (0.50) | 0.88 | 0.01 (0.053) | 0.958 | −0.25 (−5.26) | 0.000 | 0.22 (2.05) | 0.04 |
| ROE | −0.06 (−0.40) | 0.34 | −0.20 (−1.15) | 0.249 | −0.04 (−0.60) | 0.544 | −0.15 (−0.90) | 0.36 |
| BM | −0.03 (−3.00) | 0.00 | −0.04 (−3.52) | 0.000 | −0.02 (−6.53) | 0.000 | −0.03 (−2.44) | 0.01 |
| LEV | −0.18 (−0.72) | 0.51 | −0.10 (−0.283) | 0.777 | 0.83 (7.30) | 0.000 | −0.62 (−1.82) | 0.06 |
| DUAL | 0.28 (2.98) | 0.02 | 0.32 (2.47) | 0.014 | −0.09 (−1.98) | 0.048 | 0.36 (2.89) | 0.00 |
| Age | −0.04 (−5.03) | 0.00 | −0.44 (−3.27) | 0.001 | −0.23 (−4.67) | 0.000 | −0.49 (−3.54) | 0.00 |
| (Constant) | 0.87 | 0.09 (0.085) | 0.932 | −0.44 (−1.26) | 0.206 | 0.58 (0.54) | 0.84 | |
| 74.89 | 44.1 | 562.8 | 44.20 | |||||
| Adj- | 0.300 | 0.306 | 0.82 | 0.40 | ||||
Note(s): t-statistics are reported in parentheses
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