Table 6. Alternative explanatory... | Emerald Publishing

Table 6.

Alternative explanatory variable

Variable	(1)	(2)	(3)
Variable	Explore	Exploit	Balance
Dcg	0.167*** (0.019)	0.137*** (0.018)	0.050*** (0.008)
Constant term	0.327 (0.295)	0.713*** (0.288)	1.171*** (0.129)
Control variable	Control	Control	Control
Industry/year fixed effects	Yes	Yes	Yes
Sample size	20,978	20,978	20,978
Adjusted R²	0.238	0.295	0.146

Variable	(1)	(2)	(3)
Variable	Explore	Exploit	Balance
Dcg	0.167*** (0.019)	0.137*** (0.018)	0.050*** (0.008)
Constant term	0.327 (0.295)	0.713*** (0.288)	1.171*** (0.129)
Control variable	Control	Control	Control
Industry/year fixed effects	Yes	Yes	Yes
Sample size	20,978	20,978	20,978
Adjusted R²	0.238	0.295	0.146

Source(s): Table created by the authors