Table 11

Robustness analyses across specifications

VariableM1 fullM2 No sectorM3 No controlsM4 No CHCM5 servicesM6 Manuf
CHC0.726***0.771***0.782***0.043 n.s.0.716***
CSC0.071 n.s.−0.003 n.s.−0.009 n.s.0.470**1.051**0.488*
CRC0.056 n.s.0.109 n.s.0.104 n.s.0.267 n.s.−0.178 n.s.−0.039 n.s.
Firm size0.182 n.s.0.026 n.s.0.278*−0.076 n.s.0.324*
Sector0.749***0.768***
McFadden R20.2050.1520.1510.1610.2220.237
N1281281281287949

Note(s): ***p < 0.001, **p < 0.01, *p < 0.05. M5 = services (n = 79); M6 = manufacturing (n = 49)

Source(s): Authors’ own work

or Create an Account

Close subscription notice
Close access options