H2 Multinomial logistic regression
| Panel A: 2007 | |
|---|---|
| Reference Category | Non Reclassified Firms |
| Cases Included in Analysis | 356 |
| Missing Cases | 33 |
| Total | 389 |
| Accuracy Rate | 91.60% |
| Likelihood Ratio Test | 173.488 |
| Panel A: 2007 | |
|---|---|
| Non Reclassified Firms | |
| 356 | |
| 33 | |
| 389 | |
| 91.60% | |
| 173.488 | |
| Reclassified firms | US firms | ||||
|---|---|---|---|---|---|
| Variables | Coefficients | Sig | Variables | Coefficients | Sig |
| RESTAS | −5.499 (3.307) | * | NAVSH | 0.109 (0.062) | * |
| ROSC | 9.493 (5.652) | * | PLOWB | 0.184 (0.068) | *** |
| CGEAR | −0.176 (0.106) | * | ETL | 0.456 (0.232) | ** |
| Intercept | −0.221 (1.729) | Intercept | 10.044 (2.542) | *** | |
| Reclassified firms | US firms | ||||
|---|---|---|---|---|---|
| Variables | Coefficients | Sig | Variables | Coefficients | Sig |
| RESTAS | −5.499 (3.307) | * | NAVSH | 0.109 (0.062) | * |
| ROSC | 9.493 (5.652) | * | PLOWB | 0.184 (0.068) | *** |
| CGEAR | −0.176 (0.106) | * | ETL | 0.456 (0.232) | ** |
| Intercept | −0.221 (1.729) | Intercept | 10.044 (2.542) | *** | |
| Panel B:2008 | |
|---|---|
| Reference Category | Non reclassified firms |
| Cases Included in Analysis | 365 |
| Missing Cases | 24 |
| Total | 389 |
| Accuracy Rate | 88.80% |
| Likelihood Ratio Test | 215.425 |
| Panel B:2008 | |
|---|---|
| Non reclassified firms | |
| 365 | |
| 24 | |
| 389 | |
| 88.80% | |
| 215.425 | |
| Reclassified firms | US firms | ||||
|---|---|---|---|---|---|
| Variables | Coefficients | Sig | Variables | Coefficients | Sig |
| NAVSH | 0.076 (0.045) | * | NAVSH | 0.092 (0.045) | ** |
| ROSC | 5.739 (2.780) | ** | PLOWB | 0.022 (0.009) | ** |
| DEBT | 0.037 (0.020) | ** | ETL | −8.786 (2.929) | *** |
| Intercept | −2.538 (1.205) | ** | Intercept | 9.085 (1.586) | *** |
| Reclassified firms | US firms | ||||
|---|---|---|---|---|---|
| Variables | Coefficients | Sig | Variables | Coefficients | Sig |
| NAVSH | 0.076 (0.045) | * | NAVSH | 0.092 (0.045) | ** |
| ROSC | 5.739 (2.780) | ** | PLOWB | 0.022 (0.009) | ** |
| DEBT | 0.037 (0.020) | ** | ETL | −8.786 (2.929) | *** |
| Intercept | −2.538 (1.205) | ** | Intercept | 9.085 (1.586) | *** |
| Panel C: 2009 | |
|---|---|
| Reference Category | Non Reclassified Firms |
| Cases Included in Analysis | 366 |
| Missing Cases | 23 |
| Total | 389 |
| Accuracy Rate | 91.50% |
| Likelihood Ratio Test | 181.913 |
| Panel C: 2009 | |
|---|---|
| Non Reclassified Firms | |
| 366 | |
| 23 | |
| 389 | |
| 91.50% | |
| 181.913 | |
| Reclassified firms | US firms | ||||
|---|---|---|---|---|---|
| Variables | Coefficients | Sig | Variables | Coefficients | Sig |
| NAVSH | 0.078 (0.039) | ** | NAVSH | 0.082 (0.036) | ** |
| NPM | 9.367 (6.782) | * | PLOWB | 0.023 (0.015) | * |
| CGEAR | −0.579 (0.204) | *** | ETL | −10.215 (4.567) | ** |
| Intercept | −2.215 (1.342) | * | Intercept | 10.862 (2.132) | *** |
| Reclassified firms | US firms | ||||
|---|---|---|---|---|---|
| Variables | Coefficients | Sig | Variables | Coefficients | Sig |
| 0.078 (0.039) | ** | 0.082 (0.036) | ** | ||
| 9.367 (6.782) | * | 0.023 (0.015) | * | ||
| −0.579 (0.204) | *** | −10.215 (4.567) | ** | ||
| −2.215 (1.342) | * | 10.862 (2.132) | *** | ||
Note(s): *, ** and *** indicate statistically significant factors at 10, 5 and 1% (two-tailed) level respectively
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.