Table 3 OLS results with robust s.e.... | Emerald Publishing

Table 3

OLS results with robust s.e.

	Model 1	s.e.	Model 2	s.e.	Model 3	s.e.
Foreign Markets			0.038**	0.018	0.032*	0.018
Foreign Markets X Ethnic Minority Ownership					0.508***	0.158
Ethnic Minority Ownership	−0.061**	0.030	−0.060**	0.030	−0.063**	0.030
Woman-Owned	0.038	0.030	0.039	0.030	0.038	0.030
Family Management	0.001	0.001	0.001	0.001	0.001	0.001
Shareholders	−0.024	0.020	−0.025	0.020	−0.025	0.020
Innovativeness	0.003**	0.001	0.003**	0.001	0.005**	0.001
Brach Locations	0.099***	0.008	0.100***	0.008	0.099***	0.008
Firm Size	0.037***	0.001	0.037***	0.001	0.037***	0.001
Firm Age	0.009***	0.001	0.009***	0.001	0.009***	0.001
Dummy Sector
Constant	5.81***	0.045	5.806***	0.045	5.801***	0.045
F statistic	161.22***		153.31***		145.04***
R²	0.2919		0.2920		0.2924

	Model 1	s.e.	Model 2	s.e.	Model 3	s.e.
Foreign Markets			0.038**	0.018	0.032*	0.018
Foreign Markets X Ethnic Minority Ownership					0.508***	0.158
Ethnic Minority Ownership	−0.061**	0.030	−0.060**	0.030	−0.063**	0.030
Woman-Owned	0.038	0.030	0.039	0.030	0.038	0.030
Family Management	0.001	0.001	0.001	0.001	0.001	0.001
Shareholders	−0.024	0.020	−0.025	0.020	−0.025	0.020
Innovativeness	0.003**	0.001	0.003**	0.001	0.005**	0.001
Brach Locations	0.099***	0.008	0.100***	0.008	0.099***	0.008
Firm Size	0.037***	0.001	0.037***	0.001	0.037***	0.001
Firm Age	0.009***	0.001	0.009***	0.001	0.009***	0.001
Dummy Sector
Constant	5.81***	0.045	5.806***	0.045	5.801***	0.045
F statistic	161.22***		153.31***		145.04***
R²	0.2919		0.2920		0.2924

Note(s): N = 10,326; *p < 0.10; **p < 0.05; ***p < 0.01