Ordered logit models for profit
| Model (1) | Model (2) | Model (3) | Model (4) | |
|---|---|---|---|---|
| Independent variables | ||||
| Entrepreneurial orientation dimensions | ||||
| Innovativeness | 0.222** (0.103) | 0.216** (0.104) | 0.239** (0.107) | 0.232** (0.109) |
| Proactiveness | 0.278*** (0.099) | 0.303*** (0.102) | 0.347*** (0.105) | 0.370*** (0.105) |
| Risk-taking | 0.020 (0.101) | −0.015 (0.104) | −0.041 (0.107) | −0.035 (0.107) |
| Competitiveness | 0.227** (0.106) | 0.181* (0.108) | 0.183 (0.112) | 0.094 (0.112) |
| Autonomy | 0.175** (0.084) | 0.195** (0.085) | 0.199** (0.087) | 0.225*** (0.087) |
| Accommodation characteristics | ||||
| Size | 0.018*** (0.007) | 0.019*** (0.007) | 0.017** (0.007) | |
| Restaurant | −0.301 (0.324) | −0.205 (0.335) | −0.172 (0.334) | |
| Swimming | 0.253 (0.273) | 0.241 (0.282) | 0.279 (0.279) | |
| Practice sports | −0.168 (0.278) | −0.181 (0.288) | −0.193 (0.282) | |
| Family business | 0.291 (0.251) | 0.345 (0.256) | 0.353 (0.258) | |
| Decision maker profile | ||||
| Female | −0.680** (0.269) | −0.676** (0.266) | ||
| Educational status | ||||
| University degree | −0.021 (0.287) | |||
| Master’s degree or higher | −0.080 (0.439) | |||
| Compulsory education | 0.471 (0.536) | |||
| High school | REF. | |||
| Age | −0.028** (0.014) | −0.024* (0.014) | ||
| Exp2 | 0.000 (0.000) | 0.000 (0.000) | ||
| Exp | −0.015 (0.013) | −0.018 (0.013) | ||
| Educational background | ||||
| Management | 0.913*** (0.329) | |||
| Tourism | 0.885*** (0.314) | |||
| Other | REF. | |||
| n | 224 | 224 | 224 | 224 |
| χ2 | 44.558 (0.000) | 56.298 (0.000) | 69.591 (0.000) | 78.911 (0.000) |
| Model (1) | Model (2) | Model (3) | Model (4) | |
|---|---|---|---|---|
| Entrepreneurial orientation dimensions | ||||
| Innovativeness | 0.222** (0.103) | 0.216** (0.104) | 0.239** (0.107) | 0.232** (0.109) |
| Proactiveness | 0.278*** (0.099) | 0.303*** (0.102) | 0.347*** (0.105) | 0.370*** (0.105) |
| Risk-taking | 0.020 (0.101) | −0.015 (0.104) | −0.041 (0.107) | −0.035 (0.107) |
| Competitiveness | 0.227** (0.106) | 0.181* (0.108) | 0.183 (0.112) | 0.094 (0.112) |
| Autonomy | 0.175** (0.084) | 0.195** (0.085) | 0.199** (0.087) | 0.225*** (0.087) |
| Size | 0.018*** (0.007) | 0.019*** (0.007) | 0.017** (0.007) | |
| Restaurant | −0.301 (0.324) | −0.205 (0.335) | −0.172 (0.334) | |
| Swimming | 0.253 (0.273) | 0.241 (0.282) | 0.279 (0.279) | |
| Practice sports | −0.168 (0.278) | −0.181 (0.288) | −0.193 (0.282) | |
| Family business | 0.291 (0.251) | 0.345 (0.256) | 0.353 (0.258) | |
| Female | −0.680** (0.269) | −0.676** (0.266) | ||
| University degree | −0.021 (0.287) | |||
| Master’s degree or higher | −0.080 (0.439) | |||
| Compulsory education | 0.471 (0.536) | |||
| High school | REF. | |||
| Age | −0.028** (0.014) | −0.024* (0.014) | ||
| Exp2 | 0.000 (0.000) | 0.000 (0.000) | ||
| Exp | −0.015 (0.013) | −0.018 (0.013) | ||
| Management | 0.913*** (0.329) | |||
| Tourism | 0.885*** (0.314) | |||
| Other | REF. | |||
| 224 | 224 | 224 | 224 | |
| 44.558 (0.000) | 56.298 (0.000) | 69.591 (0.000) | 78.911 (0.000) | |
Notes: Standard errors in parentheses. *p<0.10; **p<0.05; ***p<0.01
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