Table 3 Marginal and differential... | Emerald Publishing

Table 3

Marginal and differential effects in percentage points

		Fewer than 10	Over 10
Variable	Total sample	Employees	Employees
Persistence (Y in t−1)	44.07	44.18	48.56
Firms’ characteristics
Micro firms	3.97	–	–
Age	−0.78	−1.74	−0.39
Age squared	0.00	0.01	0.00
Size	8.03	0.27	10.36
Productivity	5.07	5.20	4.45
Debt	0.17	6.42	−0.83
Debt squared	0.00	−0.45	0.01
ROE	2.74	2.40	2.26
Technology
Non-technological	−7.31	−15.32	−6.40
Medium-high	−6.30	−16.91	−4.29
High	−1.69	−9.81	1.09
Productive sector
Manufacturing	7.05	11.69	3.34
Energy	4.33	8.42	1.63
Construction	14.08	17.08	10.10
Transportation	11.41	13.22	8.52
Hospitality	10.76	17.80	3.44
Communications	6.44	2.40	6.74
Business services	8.22	5.65	9.89
Education	7.37	15.11	4.38
Health	8.05	4.12	8.98
Other services	9.30	8.97	8.91

		Fewer than 10	Over 10
Variable	Total sample	Employees	Employees
Persistence (Y in t−1)	44.07	44.18	48.56
Firms’ characteristics
Micro firms	3.97	–	–
Age	−0.78	−1.74	−0.39
Age squared	0.00	0.01	0.00
Size	8.03	0.27	10.36
Productivity	5.07	5.20	4.45
Debt	0.17	6.42	−0.83
Debt squared	0.00	−0.45	0.01
ROE	2.74	2.40	2.26
Technology
Non-technological	−7.31	−15.32	−6.40
Medium-high	−6.30	−16.91	−4.29
High	−1.69	−9.81	1.09
Productive sector
Manufacturing	7.05	11.69	3.34
Energy	4.33	8.42	1.63
Construction	14.08	17.08	10.10
Transportation	11.41	13.22	8.52
Hospitality	10.76	17.80	3.44
Communications	6.44	2.40	6.74
Business services	8.22	5.65	9.89
Education	7.37	15.11	4.38
Health	8.05	4.12	8.98
Other services	9.30	8.97	8.91

Source(s): Compiled by the authors from models of Table 2