Influence of dependency factors of SR
| Influential factors | Amount of EUC (n = 186) | TCR | p-value ≤ 0.05 | Influential factors | p-value ≤ 0.05 | Influential factors | Amount of EUC (n = 186) | TCR | p-value ≤ 0.05 |
|---|---|---|---|---|---|---|---|---|---|
| Ownership | Region | ||||||||
| Private | 74 | 56.6% | Mann–Whitney U-Test α = 0.022 | Private and Listed | Mann–Whitney U-Test α = 0.017 | Africa | 3 | 44.6% | Kruskal–Wallis H-Test p = 0.787 |
| Public | 112 | 49.8% | Asia | 32 | 51.8% | ||||
| Stock exchange listing | Central Amer | 0 | 0% | ||||||
| Listed | 128 | 54.9% | Mann–Whitney U-Test α = 0.021 | Private and not-listed | Mann–Whitney U-Test α = 0.011 | Europe | 87 | 52.4% | |
| Not-listed | 58 | 47.2% | Middle East | 12 | 57.1% | ||||
| Nationality(area of activity) | North America | 23 | 54.4% | ||||||
| National | 75 | 51.9% | Mann–Whitney U-Test α = 0.778 | Oceania | 9 | 43.3% | |||
| International | 111 | 52.8% | South America | 20 | 53.6% | ||||
| Influential factors | Amount of EUC ( | TCR | Influential factors | Influential factors | Amount of EUC ( | TCR | |||
|---|---|---|---|---|---|---|---|---|---|
| Private | 74 | 56.6% | Mann–Whitney | Private and Listed | Mann–Whitney | Africa | 3 | 44.6% | Kruskal–Wallis |
| Public | 112 | 49.8% | Asia | 32 | 51.8% | ||||
| Central Amer | 0 | 0% | |||||||
| Listed | 128 | 54.9% | Mann–Whitney | Private and not-listed | Mann–Whitney | Europe | 87 | 52.4% | |
| Not-listed | 58 | 47.2% | Middle East | 12 | 57.1% | ||||
| North America | 23 | 54.4% | |||||||
| National | 75 | 51.9% | Mann–Whitney | Oceania | 9 | 43.3% | |||
| International | 111 | 52.8% | South America | 20 | 53.6% | ||||
| ANOVAa | |||||||
|---|---|---|---|---|---|---|---|
| Model | Influencing variable | Square sum | df | Mean of square | F | Sig | |
| 1 | TRC (dependency Variable) | Regression | 0.476 | 8 | 0.059 | 1,366 | 0.214 |
| Public, Listing, Nationality, Asia, Europe, North America, Middle East and South America | Not standardized residue | 7,707 | 177 | 0.044 | |||
| Sum | 8,183 | 185 | |||||
| 2 | (dependency Variable) | Regression | 0.476 | 7 | 0.068 | 1,570 | 0.147 |
| Public, Listing, Asia, Europe, North America, Middle East and South America | Not standardized residue | 7,707 | 178 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 3 | (dependency Variable) | Regression | 0.459 | 6 | 0.077 | 1,773 | 0.107 |
| Public, Listing, Asia, Europe, North America and South America | Not standardized residue | 7,724 | 179 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 4 | (dependency Variable) | Regression | 0.409 | 5 | 0.082 | 1,895 | 0.097 |
| Public, Listing, Asia, Europe and North America | Not standardized residue | 7,774 | 180 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 5 | (dependency Variable) | Regression | 0.391 | 4 | 0.098 | 2,272 | 0.063 |
| Public, Listing, Asia and Europe | Not standardized residue | 7,792 | 181 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 6 | (dependency Variable) | Regression | 0.373 | 3 | 0.124 | 2,895 | 0,037 |
| Public, Listing and Asia | Not standardized residue | 7,810 | 182 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 7 | (dependency Variable) | Regression | 0.365 | 2 | 0.183 | 4,273 | 0,015 |
| Public and Listing | Not standardized residue | 7,818 | 183 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| ANOVAa | |||||||
|---|---|---|---|---|---|---|---|
| Model | Influencing variable | Square sum | df | Mean of square | Sig | ||
| 1 | TRC (dependency Variable) | Regression | 0.476 | 8 | 0.059 | 1,366 | 0.214 |
| Public, Listing, Nationality, Asia, Europe, North America, Middle East and South America | Not standardized residue | 7,707 | 177 | 0.044 | |||
| Sum | 8,183 | 185 | |||||
| 2 | (dependency Variable) | Regression | 0.476 | 7 | 0.068 | 1,570 | 0.147 |
| Public, Listing, Asia, Europe, North America, Middle East and South America | Not standardized residue | 7,707 | 178 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 3 | (dependency Variable) | Regression | 0.459 | 6 | 0.077 | 1,773 | 0.107 |
| Public, Listing, Asia, Europe, North America and South America | Not standardized residue | 7,724 | 179 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 4 | (dependency Variable) | Regression | 0.409 | 5 | 0.082 | 1,895 | 0.097 |
| Public, Listing, Asia, Europe and North America | Not standardized residue | 7,774 | 180 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 5 | (dependency Variable) | Regression | 0.391 | 4 | 0.098 | 2,272 | 0.063 |
| Public, Listing, Asia and Europe | Not standardized residue | 7,792 | 181 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 6 | (dependency Variable) | Regression | 0.373 | 3 | 0.124 | 2,895 | |
| Public, Listing and Asia | Not standardized residue | 7,810 | 182 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
| 7 | (dependency Variable) | Regression | 0.365 | 2 | 0.183 | 4,273 | |
| Public and Listing | Not standardized residue | 7,818 | 183 | 0.043 | |||
| Sum | 8,183 | 185 | |||||
Note(s): The siginficance value: p-value ≤ 0.05
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