Table III. Performance effects of...

Table III.

Performance effects of organizational restructuring and adaptive customization: Ordered and binary logit of reference-ability index and license extension

Model components	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7	Model 8
	REFER				EXTEND
	ORG	ORG	CUST	CUST	ORG	ORG	CUST	CUST
	YES	NO	YES	NO	YES	NO	YES	NO
CORRECTION (λ) for Selection (YES)	1.55* (0.82)		2.32** (1.08)		8.02** (3.10)		3.26** (1.50)
CORRECTION (λ) for Non-selection(NO)		−2.72*** (0.81)		−2.23*** (0.84)		−4.44*** (1.10)		−4.79*** (1.23)
ORG			0.10 (0.91)	0.30 (0.39)			−0.90 (1.26)	−0.76 (0.73)
CUST	1.55** (0.71)	1.42*** (0.48)			2.00** (0.94)	0.95 (0.76)
LABOR (log)	0.57 (0.48)	0.14 (0.19)	0.23 (0.31)	0.08 (0.17)	0.47 (0.71)	−0.26 (0.35)	0.07 (0.65)	−0.54 (0.36)
SALES (log)	−0.58 (0.51)	0.06 (0.22)	−0.43 (0.39)	0.20 (0.19)	−0.15 (0.75)	0.52 (0.39)	0.48 (0.56)	1.00** (0.40)
DURATION	0.01 (0.01)	0.00 (0.01)	0.01 (0.01)	0.00 (0.01)	0.09*** (0.03)	−0.02* (0.01)	0.02 (0.02)	−0.03 (0.02)
MANUFACT	−1.40 (1.10)	−0.07 (0.47)	0.75 (1.33)	−0.63 (0.43)	−3.44* (1.89)	−0.86 (0.98)	1.21 (2.18)	−1.47* (0.76)
SIC	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.00* (0.00)	0.00* (0.00)	0.00** (0.00)	0.00 (0.00)	0.00* (0.00)
INTRA_IS	−4.85 (4.60)	1.02** (0.40)		0.99** (0.39)
ADI	−0.21 (0.17)	−0.02 (0.02)	−0.27 (0.22)	−0.03** (0.01)	−0.02 (0.14)	−0.01 (0.04)	0.05 (0.14)	−0.06 (0.10)
CONSTANT	−12.50 (6.93)	0.16 (1.88)	−6.32 (5.37)	−0.95 (1.39)	2.46 (6.23)	−0.39 (3.08)	−5.69 (5.82)	−1.46 (2.75)
	−11.29 (6.74)	1.67 (1.88)	−5.59 (5.02)	0.60 (1.40)
	−11.10 (6.73)	1.99 (1.89)	−5.13 (4.79)	0.93 (1.41)
	−10.20 (6.66)	3.27 (1.92)	−1.69 (4.48)	2.20 (1.43)
	−7.52 (6.45)	5.46 (1.93)		4.28 (1.47)
N (firms)	54	121	40	135	53	114	40	127
Wald χ²	18.20	34.16	9.42	32.33	23.44	34.22	11.06	25.57
McFadden's R²	0.12	0.11	0.15	0.08	0.49	0.35	0.26	0.31

Model components	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7	Model 8
	REFER				EXTEND
	ORG	ORG	CUST	CUST	ORG	ORG	CUST	CUST
	YES	NO	YES	NO	YES	NO	YES	NO
CORRECTION (λ) for Selection (YES)	1.55* (0.82)		2.32** (1.08)		8.02** (3.10)		3.26** (1.50)
CORRECTION (λ) for Non-selection(NO)		−2.72*** (0.81)		−2.23*** (0.84)		−4.44*** (1.10)		−4.79*** (1.23)
ORG			0.10 (0.91)	0.30 (0.39)			−0.90 (1.26)	−0.76 (0.73)
CUST	1.55** (0.71)	1.42*** (0.48)			2.00** (0.94)	0.95 (0.76)
LABOR (log)	0.57 (0.48)	0.14 (0.19)	0.23 (0.31)	0.08 (0.17)	0.47 (0.71)	−0.26 (0.35)	0.07 (0.65)	−0.54 (0.36)
SALES (log)	−0.58 (0.51)	0.06 (0.22)	−0.43 (0.39)	0.20 (0.19)	−0.15 (0.75)	0.52 (0.39)	0.48 (0.56)	1.00** (0.40)
DURATION	0.01 (0.01)	0.00 (0.01)	0.01 (0.01)	0.00 (0.01)	0.09*** (0.03)	−0.02* (0.01)	0.02 (0.02)	−0.03 (0.02)
MANUFACT	−1.40 (1.10)	−0.07 (0.47)	0.75 (1.33)	−0.63 (0.43)	−3.44* (1.89)	−0.86 (0.98)	1.21 (2.18)	−1.47* (0.76)
SIC	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.00* (0.00)	0.00* (0.00)	0.00** (0.00)	0.00 (0.00)	0.00* (0.00)
INTRA_IS	−4.85 (4.60)	1.02** (0.40)		0.99** (0.39)
ADI	−0.21 (0.17)	−0.02 (0.02)	−0.27 (0.22)	−0.03** (0.01)	−0.02 (0.14)	−0.01 (0.04)	0.05 (0.14)	−0.06 (0.10)
CONSTANT	−12.50 (6.93)	0.16 (1.88)	−6.32 (5.37)	−0.95 (1.39)	2.46 (6.23)	−0.39 (3.08)	−5.69 (5.82)	−1.46 (2.75)
	−11.29 (6.74)	1.67 (1.88)	−5.59 (5.02)	0.60 (1.40)
	−11.10 (6.73)	1.99 (1.89)	−5.13 (4.79)	0.93 (1.41)
	−10.20 (6.66)	3.27 (1.92)	−1.69 (4.48)	2.20 (1.43)
	−7.52 (6.45)	5.46 (1.93)		4.28 (1.47)
N (firms)	54	121	40	135	53	114	40	127
Wald χ²	18.20	34.16	9.42	32.33	23.44	34.22	11.06	25.57
McFadden's R²	0.12	0.11	0.15	0.08	0.49	0.35	0.26	0.31

Notes:

Positive coefficients indicate a greater probability of achieving exchange success.

*p < 0.1;

**p < 0.05;

***p < 0.01 (Robust standard errors in parentheses)

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