Table 1. Effect of independent variables... | Emerald Publishing

Table 1.

Effect of independent variables on market share across time

Independent variables	DV: Log of market share ₍_t₎		DV: Log of market share₍_t₎		DV: Log of market share₍_t_{+ 1)}		DV: Log of market share₍_t_{+ 1)}		DV: Log of market share₍_t_{+ 2)}		DV: Log of market share₍_t_{+ 2)}		DV: Log of market share₍_t_{+ 3)}		DV: Log of market share₍_t_{+ 3)}
Independent variables	B	SE	B	SE	B	SE	B	SE	B	SE	B	SE	B	SE	B	S.E.
Intercept	−5.49	0.37***	−5.52	0.37***	−4.95	0.23***	−5.16	0.23***	−4.83	0.27***	−4.88	0.27***	−4.35	0.34***	−4.35	0.34***
Log of total assets_(t)	0.51	0.03***	0.51	0.03***	0.51	0.03***	0.52	0.03***	0.52	0.03***	0.52	0.03***	0.47	0.04***	0.46	0.04***
Country (USA = 0; UK = 1)	1.02	0.27***	1.02	0.27***	1.08	0.28***	1.08	0.28***	0.92	0.28***	0.92	0.28***	1.05	0.30***	1.05	0.30***
Log of competitors in the industry_(t)	−0.61	0.09***	−0.61	0.09***	−0.61	0.09***	−0.61	0.09***	−0.64	0.09***	−0.64	0.09***	−0.60	0.10***	−0.60	0.10***
Log of GDP growth_(t)	0.01	0.01	0.01	0.01	−0.01	0.01	−0.01	0.01	0.01	0.01	0.01	0.01	−0.02	0.01	−0.02	0.01
Log of marketing investment_(t)	0.27	0.03***	0.27	0.03***	0.23	0.03***	0.24	0.03***	0.14	0.03***	0.14	0.03***	0.14	0.03***	0.13	0.03***
Log of R&D investment_(t)	0.11	0.03***	0.11	0.03***	0.08	0.03***	0.08	0.03***	0.12	0.03***	0.12	0.03***	0.14	0.04***	0.14	0.04***
Log of marketing investment_(t)* log of R&D investment_(t)			0.00	0.01			0.00	0.01			0.00	0.01			0.00	0.01
Sample	6,989		6,989		6,234		6,234		5,498		5,498		4,837		4,837
QICC	31,317.73		31,318.52		27,635.09		27,658.99		24,909.61		24,915.23		22,407.96		22,450.30
QICC (reference - only intercept)	1,023,613.40		1,023,613.40		969,399.70		969,399.70		916,944.50		916,944.50		862,317.50		862,317.50
R²	60.7%		60.7%		60.9%		60.9%		59.5%		59.5%		58.3%		58.0%

Independent variables	DV: Log of market share ₍_t₎		DV: Log of market share₍_t₎		DV: Log of market share₍_t_{+ 1)}		DV: Log of market share₍_t_{+ 1)}		DV: Log of market share₍_t_{+ 2)}		DV: Log of market share₍_t_{+ 2)}		DV: Log of market share₍_t_{+ 3)}		DV: Log of market share₍_t_{+ 3)}
Independent variables	B	SE	B	SE	B	SE	B	SE	B	SE	B	SE	B	SE	B	S.E.
Intercept	−5.49	0.37***	−5.52	0.37***	−4.95	0.23***	−5.16	0.23***	−4.83	0.27***	−4.88	0.27***	−4.35	0.34***	−4.35	0.34***
Log of total assets_(t)	0.51	0.03***	0.51	0.03***	0.51	0.03***	0.52	0.03***	0.52	0.03***	0.52	0.03***	0.47	0.04***	0.46	0.04***
Country (USA = 0; UK = 1)	1.02	0.27***	1.02	0.27***	1.08	0.28***	1.08	0.28***	0.92	0.28***	0.92	0.28***	1.05	0.30***	1.05	0.30***
Log of competitors in the industry_(t)	−0.61	0.09***	−0.61	0.09***	−0.61	0.09***	−0.61	0.09***	−0.64	0.09***	−0.64	0.09***	−0.60	0.10***	−0.60	0.10***
Log of GDP growth_(t)	0.01	0.01	0.01	0.01	−0.01	0.01	−0.01	0.01	0.01	0.01	0.01	0.01	−0.02	0.01	−0.02	0.01
Log of marketing investment_(t)	0.27	0.03***	0.27	0.03***	0.23	0.03***	0.24	0.03***	0.14	0.03***	0.14	0.03***	0.14	0.03***	0.13	0.03***
Log of R&D investment_(t)	0.11	0.03***	0.11	0.03***	0.08	0.03***	0.08	0.03***	0.12	0.03***	0.12	0.03***	0.14	0.04***	0.14	0.04***
Log of marketing investment_(t)* log of R&D investment_(t)			0.00	0.01			0.00	0.01			0.00	0.01			0.00	0.01
Sample	6,989		6,989		6,234		6,234		5,498		5,498		4,837		4,837
QICC	31,317.73		31,318.52		27,635.09		27,658.99		24,909.61		24,915.23		22,407.96		22,450.30
QICC (reference - only intercept)	1,023,613.40		1,023,613.40		969,399.70		969,399.70		916,944.50		916,944.50		862,317.50		862,317.50
R²	60.7%		60.7%		60.9%		60.9%		59.5%		59.5%		58.3%		58.0%

Note(s):

The control variables (sectors of the economy and time in years) are not shown. B means estimate and SE means standard error; *p ≤ 0.10; **p ≤ 0.05; ***p ≤ 0.01