Table IV.

Hypotheses, variables and expected signs

VariableDescriptionTypeHypothesisExpected sign
log VolLog volumeAnnual volume acquired (natural logarithm)ContinuousH1+
EmpMABetter alternativeIdentifies if the observed supplier is the closest supplier to the buyer company, compared to competitorsDiscreteH2+
DistanDistanceDistance, in kilometers between buyer and supplierContinuousH3
AdProdAdditional productsIdentifies if the observed contract involves more than one productDiscreteH4+
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