Table 5 Endogeneity analysis results... | Emerald Publishing

Table 5

Endogeneity analysis results

Variables	OLS	2SLS	First-stage (DV: NC)
Network Centrality	0.29**	0.27**	–
Tie Strength Diversity	0.26**	0.25**	0.18**
Absorptive Capacity	0.25**	0.24**	0.15**
Institutional Voids	−0.20**	−0.19**	−0.16**
Instruments
Industry Network Density	–	–	0.34**
Geographic Proximity	–	–	0.29**
Control Variables	Included	Included	Included
R²	0.49	0.48	0.42
Durbin-Wu-Hausman χ²	–	8.45	–
Hansen J-statistic	–	3.45	–
F-statistic	–	–	24.67

Variables	OLS	2SLS	First-stage (DV: NC)
Network Centrality	0.29**	0.27**	–
Tie Strength Diversity	0.26**	0.25**	0.18**
Absorptive Capacity	0.25**	0.24**	0.15**
Institutional Voids	−0.20**	−0.19**	−0.16**
Instruments
Industry Network Density	–	–	0.34**
Geographic Proximity	–	–	0.29**
Control Variables	Included	Included	Included
R²	0.49	0.48	0.42
Durbin-Wu-Hausman χ²	–	8.45	–
Hansen J-statistic	–	3.45	–
F-statistic	–	–	24.67

Note(s): Standardized coefficients reported. *p < 0.05; **p < 0.01