Table 2 Results of Equation (1)...

Table 2

Results of Equation (1) Innovation and Family and Non-Family firms

	Internal R&D	External R&D	External knowledge	New to firm product (NtF)	Process innovation	New to market product (NtM)
Family firm	0.0120** (0.00528)	0.00896*** (0.00351)	0.0143*** (0.00427)	0.0415*** (0.00624)	0.0193*** (0.00461)	0.0350*** (0.00523)
Level of competition	−0.0143*** (0.00211)	−0.00550*** (0.00139)	−0.00978*** (0.00172)	−0.0251*** (0.00254)	−0.0138*** (0.00188)	−0.0205*** (0.00211)
Competition × family firms	0.000127 (0.00308)	−0.000352 (0.00202)	0.00501** (0.00246)	−0.00867** (0.00361)	0.00143 (0.00265)	−0.00385 (0.00300)
National market	0.0955*** (0.00582)	0.0419*** (0.00403)	0.0457*** (0.00469)	0.0728*** (0.00660)	0.0442*** (0.00500)	0.0591*** (0.00557)
International market	0.130*** (0.0155)	0.0734*** (0.0117)	0.0856*** (0.0132)	0.0510*** (0.0153)	0.0608*** (0.0126)	0.0392*** (0.0131)
Internationalization	0.000582*** (0.000141)	0.000106 (8.95e-05)	5.20e-05 (0.000115)	0.000762*** (0.000177)	0.000306** (0.000124)	0.000371** (0.000146)
Foreign involvement(foreign)	−0.000122 (0.000108)	8.00e-06 (6.71e-05)	0.000274*** (8.29e-05)	0.000327** (0.000132)	0.000131 (9.26e-05)	0.000291*** (0.000107)
Firm size	0.0389*** (0.00199)	0.0258*** (0.00128)	0.0240*** (0.00158)	0.0220*** (0.00240)	0.0190*** (0.00175)	0.0180*** (0.00198)
Firm age	−0.00517 (0.00372)	−0.00564** (0.00245)	−0.00841*** (0.00300)	−0.00236 (0.00438)	−0.00472 (0.00324)	0.00288 (0.00366)
Manufacture	0.106*** (0.0177)	0.0316*** (0.0115)	0.0412*** (0.0147)	0.1775*** (0.02290)	0.0114*** (0.0221)	0.0105*** (0.0191)
Service	0.108*** (0.0237)	0.0400*** (0.0154)	0.0947*** (0.0211)	0.172*** (0.02993)	0.123*** (0.0327)	0.0949*** (0.0251)
Retail	0.0681*** (0.0236)	0.0370** (0.0164)	0.0779*** (0.0218)	0.1799*** (0.0318)	0.1322*** (0.0358)	0.103*** (0.0271)
Observations	20,995	20,995	20,995	20,995	20,995	20,995
LR χ² (18)	2271.11	1257.63	1234.35	2366.52	1616.06	1636.17
Prob > χ²	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
Pseudo R2	0.1174	0.1061	0.0849	0.1029	0.0977	0.0880
Log likelihood	−8536.3355	−5297.8981	−6652.7896	−10320.769	−7463.578	−8475.212

	Internal R&D	External R&D	External knowledge	New to firm product (NtF)	Process innovation	New to market product (NtM)
Family firm	0.0120** (0.00528)	0.00896*** (0.00351)	0.0143*** (0.00427)	0.0415*** (0.00624)	0.0193*** (0.00461)	0.0350*** (0.00523)
Level of competition	−0.0143*** (0.00211)	−0.00550*** (0.00139)	−0.00978*** (0.00172)	−0.0251*** (0.00254)	−0.0138*** (0.00188)	−0.0205*** (0.00211)
Competition × family firms	0.000127 (0.00308)	−0.000352 (0.00202)	0.00501** (0.00246)	−0.00867** (0.00361)	0.00143 (0.00265)	−0.00385 (0.00300)
National market	0.0955*** (0.00582)	0.0419*** (0.00403)	0.0457*** (0.00469)	0.0728*** (0.00660)	0.0442*** (0.00500)	0.0591*** (0.00557)
International market	0.130*** (0.0155)	0.0734*** (0.0117)	0.0856*** (0.0132)	0.0510*** (0.0153)	0.0608*** (0.0126)	0.0392*** (0.0131)
Internationalization	0.000582*** (0.000141)	0.000106 (8.95e-05)	5.20e-05 (0.000115)	0.000762*** (0.000177)	0.000306** (0.000124)	0.000371** (0.000146)
Foreign involvement(foreign)	−0.000122 (0.000108)	8.00e-06 (6.71e-05)	0.000274*** (8.29e-05)	0.000327** (0.000132)	0.000131 (9.26e-05)	0.000291*** (0.000107)
Firm size	0.0389*** (0.00199)	0.0258*** (0.00128)	0.0240*** (0.00158)	0.0220*** (0.00240)	0.0190*** (0.00175)	0.0180*** (0.00198)
Firm age	−0.00517 (0.00372)	−0.00564** (0.00245)	−0.00841*** (0.00300)	−0.00236 (0.00438)	−0.00472 (0.00324)	0.00288 (0.00366)
Manufacture	0.106*** (0.0177)	0.0316*** (0.0115)	0.0412*** (0.0147)	0.1775*** (0.02290)	0.0114*** (0.0221)	0.0105*** (0.0191)
Service	0.108*** (0.0237)	0.0400*** (0.0154)	0.0947*** (0.0211)	0.172*** (0.02993)	0.123*** (0.0327)	0.0949*** (0.0251)
Retail	0.0681*** (0.0236)	0.0370** (0.0164)	0.0779*** (0.0218)	0.1799*** (0.0318)	0.1322*** (0.0358)	0.103*** (0.0271)
Observations	20,995	20,995	20,995	20,995	20,995	20,995
LR χ² (18)	2271.11	1257.63	1234.35	2366.52	1616.06	1636.17
Prob > χ²	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
Pseudo R2	0.1174	0.1061	0.0849	0.1029	0.0977	0.0880
Log likelihood	−8536.3355	−5297.8981	−6652.7896	−10320.769	−7463.578	−8475.212

Note(s): (1) The model controls for location, size effects and country dummies but they are not reported due to space constraints

(2) Marginal effects are reported in the table. ***significant at 1%; **significant at 5%; *significant at 10%

(3) The sector reference category is construction

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