Table 8

Ordered probit results: CIC dimensions → CDC (strict separation)

VariableCoef. βRob. SEz-statp-valueSig
Circular Human Capital (CHC)0.7260.2103.46<0.001***
Circular Structural Capital (CSC)0.0710.1930.370.714n.s
Circular Relational Capital (CRC)0.0560.1780.310.754n.s
Firm size0.1820.1231.480.139n.s
Sector (services = 1)0.7490.1963.82<0.001***
Cut point τ10.000
Cut point τ21.249
— Goodness-of-Fit —N = 128LL = −110.657AIC = 235.31BIC = 255.28McFadden R2 = 0.205
Nagelkerke R2 = 0.406McKelvey–Zavoina R2 = 0.467Count R2 = 0.609Adj. Count R2 = 0.375  

Note(s): Robust SE. ***p < 0.001

Source(s): Authors’ own work

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