Nested ANOVA. Spanish versus Foreign imprinting by generations
| Sales | Assets | Employees | Solvency | Liquidity | |
|---|---|---|---|---|---|
| First generation | |||||
| Spanish | 2,364 | 1,932 | 14.10 | 2.00 | 1.72 |
| Foreign | 2,542 | 1,135 | 12.04 | 2.55 | 1.90 |
| China | 1,550 | 1,077 | 10.16 | 2.37 | 1.58 |
| Muslim | 3,879 | 1,213 | 14.10 | 2.78 | 2.33 |
| Second generation | |||||
| Spanish | 5,410 | 8,359 | 20.54 | 5.18 | 4.49 |
| Foreign | 2,912 | 3,178 | 19.75 | 3.56 | 2.80 |
| China | 3,583 | 3,302 | 25.14 | 1.46 | 0.82 |
| Muslim | 2,007 | 3,010 | 12.48 | 6.40 | 5.47 |
| Number of observations | 490 | 490 | 490 | 490 | 490 |
| Root MSE | 7243.3 | 9342.1 | 29.9 | 4.2 | 4.1 |
| R-square | 0.0297 | 0.0452 | 0.028 | 0.0258 | 0.0276 |
| Adj R-squared | 0,0209 | 0,0510 | 0,0198 | 0.0243 | 0.0198 |
| F | 3.61*** | 6.53*** | 3.21** | 4.02*** | 3.22** |
| Prob > F | (0.0006) | (0.0000) | (0.0014) | (0.0002) | (0.0017) |
| Sales | Assets | Employees | Solvency | Liquidity | |
|---|---|---|---|---|---|
| Spanish | 2,364 | 1,932 | 14.10 | 2.00 | 1.72 |
| Foreign | 2,542 | 1,135 | 12.04 | 2.55 | 1.90 |
| | |||||
| | |||||
| Spanish | 5,410 | 8,359 | 20.54 | 5.18 | 4.49 |
| Foreign | 2,912 | 3,178 | 19.75 | 3.56 | 2.80 |
| | |||||
| | |||||
| Number of observations | 490 | 490 | 490 | 490 | 490 |
| Root MSE | 7243.3 | 9342.1 | 29.9 | 4.2 | 4.1 |
| R-square | 0.0297 | 0.0452 | 0.028 | 0.0258 | 0.0276 |
| Adj R-squared | 0,0209 | 0,0510 | 0,0198 | 0.0243 | 0.0198 |
| F | 3.61*** | 6.53*** | 3.21** | 4.02*** | 3.22** |
| Prob > F | (0.0006) | (0.0000) | (0.0014) | (0.0002) | (0.0017) |
Note(s): *p < 0.05; **p < 0.01; ***p < 0.001
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