Table VII Moderating factors Model 0... | Emerald Publishing

Table VII

Moderating factors

	Model 0	Model 1 (HDI)	Model 2 (Hofstede)
ROA_t−2	0.277*	0.267*	0.081
Firm size	0.095	0.104	−0.109
Year of certification	−0.127	−0.123	0.002
ISO 9001	0.002	0.011	0.003
ISO 14001	0.060	0.046	0.218
OHSAS 18001	−0.139	−0.139	−0.340**
Industry size	−0.039	−0.035	0.164
Labour intensity		−0.034	0.017
HDI Index		0.011
Power distance (Hofstede)			−0.687****
Individualism (Hofstede)			0.243
Masculinity (Hofstede)			0.093
Uncertainty avoidance (Hofstede)			−0.563***
Long-term orientation (Hofstede)			0.075
Indulgence (Hofstede)			0.092
R²	0.124	0.125	0.464
Adjusted R²	0.015	0.000	0.311

	Model 0	Model 1 (HDI)	Model 2 (Hofstede)
ROA_t−2	0.277*	0.267*	0.081
Firm size	0.095	0.104	−0.109
Year of certification	−0.127	−0.123	0.002
ISO 9001	0.002	0.011	0.003
ISO 14001	0.060	0.046	0.218
OHSAS 18001	−0.139	−0.139	−0.340**
Industry size	−0.039	−0.035	0.164
Labour intensity		−0.034	0.017
HDI Index		0.011
Power distance (Hofstede)			−0.687****
Individualism (Hofstede)			0.243
Masculinity (Hofstede)			0.093
Uncertainty avoidance (Hofstede)			−0.563***
Long-term orientation (Hofstede)			0.075
Indulgence (Hofstede)			0.092
R²	0.124	0.125	0.464
Adjusted R²	0.015	0.000	0.311

Notes: Standardized regression coefficients are reported. *,**,***,****Significant at the 10, 5, 1, and 0.1 per cent levels, respectively