Table A3.

Robustness test 3, ITS analysis; Poisson regression with COVID-19 variables and firm-clustered standard errors

VariablesBusiness partner tasksBusiness partner/entrepreneurial skillsTraditional tasksTraditional traitsDigitalizationSustainability (simpler model, years fixed)
Post-COVID-19 dummy (post)0.544 (4.589)0.165 (3.907)−0.882 (1.685)0.895 (2.206)0.141 (5.177)−0.987 (2.463)
Interaction of time and interruption (time_post)−0.025 (0.315)−0.026 (0.271)0.083 (0.114)−0.044 (0.152)0.056 (0.353)0.394* (0.160)
Public adm.−0.018 (0.142)−0.254 (0.141)0.021 (0.057)−0.208* (0.084)0.139 (0.165)−0.405 (0.687)
Sales (ln of 1,000 EUR)0.064* (0.031)−0.017 (0.025)0.038*** (0.010)0.044*** (0.012)0.103** (0.039)0.260** (0.087)
Employees (1,000)−0.007 (0.013)−0.013 (0.011)0.002 (0.002)−0.001 (0.003)0.003 (0.010)−0.043 (0.030)
Constant−1.061* (0.535)−0.164 (0.406)0.967*** (0.182)0.369 (0.264)−3.028*** (0.723)−8.024*** (1.481)
Theme predictors
Digitalization0.180** (0.056)n/a0.027 (0.022)n/an/an/a
Sustainability−0.027 (0.027)n/a−0.031 (0.016)n/an/an/a
Business partner tasksn/an/an/an/a0.151** (0.052)−0.100 (0.132)
Traditional tasksn/an/an/an/a0.009 (0.013)−0.097 (0.050)
Wald chi2 (98)/Wald chi2 (100)234.31141.75351.13286.3511,701.7972.04
Prob > chi20.0000.0030.0000.0000.0000.000
Pseudo R20.0360.0260.0360.0260.0780.176
Observations3,5993,5993,5993,5993,5993,599
no. of y/m (or years) omitted due to collinearity222221
no. of significant y/m (or year) coefficients022040

Note(s): Firm-clustered standard errors reported in parentheses; *p  < 0.05, **p  < 0.01, ***p  < 0.001; not all year/month coefficients are listed in the table for the sake of simplicity, but the numbers of months with significant coefficients are reported

Source(s): Authors’ own work

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