Table 3

Regression results (N = 410)

VariablesModel 1Model 2Model 3VIF
(Constant)1.188 (8.043**)0.520 (4.224**)0.179 (0.933) 
Size of the enterprise0.050 (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
EL0.826 (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
R0.8650.9160.922 
R20.7480.8390.851 
F301.133**529.521**327.375** 
Sig.0.0000.0000.000 

Note(s): t-values are in parenthesis; **Significant at 1% (0.01); *Significant at 5% (0.05)

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