Regression results of the moderating role of R&D on the association between DT and FP
| Variable | Model 1 | Model 2 |
|---|---|---|
| GLS1 | GLS2 | |
| DT*R&D | 0.896*** (3.36) | |
| DT | 0.0181*** (3.72) | 0.0180*** (3.51) |
| R&D | 0.0613*** (5.05) | 0.0449*** (3.67) |
| Size | −0.0191*** (−6.33) | −0.0121*** (−4.77) |
| Grow | 0.0186*** (4.16) | 0.0183** (2.51) |
| Labour | 0.0389*** (8.95) | 0.0314*** (8.90) |
| Asset | −0.0376** (−2.49) | −0.0474*** (−3.88) |
| Lev | −0.0083*** (−4.89) | −0.0099*** (−9.39) |
| Age | 0.0033 (0.70) | 0.0058 (1.60) |
| Gender | −0.0001 (−0.01) | −0.00151 (−0.28) |
| Constant | 0.201*** (3.98) | 0.097** (2.33) |
| Number of observation | 365 | 365 |
| Variable | Model 1 | Model 2 |
|---|---|---|
| GLS1 | GLS2 | |
| DT*R&D | ||
| DT | 0.0180*** (3.51) | |
| R&D | ||
| Size | ||
| Grow | ||
| Labour | ||
| Asset | ||
| Lev | ||
| Age | 0.0033 (0.70) | 0.0058 (1.60) |
| Gender | −0.0001 (−0.01) | −0.00151 (−0.28) |
| Constant | ||
| Number of observation | 365 | 365 |
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