Table VI. Growth effects of... | Emerald Publishing

Table VI.

Growth effects of organizational restructuring and adaptive customization: second-stage instrumental variable OLS for the number of employees and net sales

Model components	LABOR			SALES
Model components	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6
ORG (IV)	0.68*** (0.27)			0.49** (0.24)
CUST (IV)		0.57*** (0.24)			0.59*** (0.22)
ORG*CUST (IV)			0.91*** (0.38)			0.81*** (0.33)
lagged_LABOR (log)	0.95*** (0.03)	0.96*** (0.02)	0.96*** (0.02)
lagged_SALES (log)				0.97*** (0.02)	0.97*** (0.02)	0.98*** (0.02)
KCS	0.16 (0.17)	0.10 (0.16)	0.12 (0.16)	−0.32 (0.21)	−0.36* (0.19)	−0.34* (0.20)
VS	0.60 (0.44)	0.19 (0.47)	0.36 (0.45)	−1.50** (0.74)	−1.83*** (0.69)	−1.65** (0.70)
DURATION	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.01*** (0.00)	0.00*** (0.00)	0.01*** (0.00)
MERGAQ	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.00* (0.00)	0.00 (0.00)
MANUFACT	0.05 (0.23)	0.04 (0.22)	0.03 (0.23)	−0.05 (0.12)	−0.08 (0.12)	−0.08 (0.12)
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)
INTRA_IS	−0.13 (0.46)	−0.12 (0.46)	−0.13 (0.46)	−0.06 (0.35)	−0.06 (0.35)	−0.07 (0.35)
ADI	0.01 (0.01)	0.01 (0.01)	0.01 (0.01)	0.01** (0.01)	0.01** (0.01)	0.01** (0.01)
CONSTANT	0.01 (0.55)	0.16 (0.56)	0.16 (0.56)	0.25 (0.47)	0.34 (0.46)	0.36 (0.47)
N	171	171	171	171	171	171
Model F	275.73	266.63	269.55	324.50	326.62	318.77
R²	0.88	0.88	0.88	0.93	0.93	0.93

Model components	LABOR			SALES
Model components	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6
ORG (IV)	0.68*** (0.27)			0.49** (0.24)
CUST (IV)		0.57*** (0.24)			0.59*** (0.22)
ORG*CUST (IV)			0.91*** (0.38)			0.81*** (0.33)
lagged_LABOR (log)	0.95*** (0.03)	0.96*** (0.02)	0.96*** (0.02)
lagged_SALES (log)				0.97*** (0.02)	0.97*** (0.02)	0.98*** (0.02)
KCS	0.16 (0.17)	0.10 (0.16)	0.12 (0.16)	−0.32 (0.21)	−0.36* (0.19)	−0.34* (0.20)
VS	0.60 (0.44)	0.19 (0.47)	0.36 (0.45)	−1.50** (0.74)	−1.83*** (0.69)	−1.65** (0.70)
DURATION	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.01*** (0.00)	0.00*** (0.00)	0.01*** (0.00)
MERGAQ	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.00 (0.00)	0.00* (0.00)	0.00 (0.00)
MANUFACT	0.05 (0.23)	0.04 (0.22)	0.03 (0.23)	−0.05 (0.12)	−0.08 (0.12)	−0.08 (0.12)
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)
INTRA_IS	−0.13 (0.46)	−0.12 (0.46)	−0.13 (0.46)	−0.06 (0.35)	−0.06 (0.35)	−0.07 (0.35)
ADI	0.01 (0.01)	0.01 (0.01)	0.01 (0.01)	0.01** (0.01)	0.01** (0.01)	0.01** (0.01)
CONSTANT	0.01 (0.55)	0.16 (0.56)	0.16 (0.56)	0.25 (0.47)	0.34 (0.46)	0.36 (0.47)
N	171	171	171	171	171	171
Model F	275.73	266.63	269.55	324.50	326.62	318.77
R²	0.88	0.88	0.88	0.93	0.93	0.93

Notes:

Positive coefficients indicate a positive growth effect;

*p < 0.1,

**p < 0.05,

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

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