Regression results (N = 410)
| Variables | Model 1 | Model 2 | Model 3 | VIF |
|---|---|---|---|---|
| (Constant) | 1.188 (8.043**) | 0.520 (4.224**) | 0.179 (0.933) | |
| Size of the enterprise | 0.050 (1.954) | 0.026 (1.279) | 0.031 (1.533) | 1.056 |
| Type of enterprise | −0.035 (−1.420) | 0.022 (1.121) | −0.020 (−1.026) | 1.005 |
| Length of operation | −0.101 (−3.961**) | −0.053 (−2.615) | −0.034 (−1.698) | 1.046 |
| EL | 0.826 (31.644**) | 0.900 (43.181**) | 1.097 | |
| EI | 0.137 (2.323*) | 4.385 | ||
| EC | 0.721 (12.570**) | 3.862 | ||
| ECxEI | 0.093 (2.715*) | 3.166 | ||
| R | 0.865 | 0.916 | 0.922 | |
| R2 | 0.748 | 0.839 | 0.851 | |
| F | 301.133** | 529.521** | 327.375** | |
| Sig. | 0.000 | 0.000 | 0.000 |
| Variables | Model 1 | Model 2 | Model 3 | VIF |
|---|---|---|---|---|
| (Constant) | 1.188 (8.043**) | 0.520 (4.224**) | 0.179 (0.933) | |
| Size of the enterprise | 0.050 (1.954) | 0.026 (1.279) | 0.031 (1.533) | 1.056 |
| Type of enterprise | −0.035 (−1.420) | 0.022 (1.121) | −0.020 (−1.026) | 1.005 |
| Length of operation | −0.101 (−3.961**) | −0.053 (−2.615) | −0.034 (−1.698) | 1.046 |
| EL | 0.826 (31.644**) | 0.900 (43.181**) | 1.097 | |
| EI | 0.137 (2.323*) | 4.385 | ||
| EC | 0.721 (12.570**) | 3.862 | ||
| ECxEI | 0.093 (2.715*) | 3.166 | ||
Note(s): t-values are in parenthesis; **Significant at 1% (0.01); *Significant at 5% (0.05)
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