Explaining EOC levels for ambitions to hire at least 1 employee
| (1) | (2) | (3) | |
|---|---|---|---|
| Cat2 | −0.185 (0.274) | −0.192 (0.258) | −0.3 (0.176)* |
| Cat3 | 0.011 (0.151) | 0.011 (0.15) | −0.124 (0.108) |
| Cat4 | −0.076 (0.154) | −0.076 (0.152) | −0.206 (0.118)* |
| Cat5 | −0.14 (0.167) | −0.142 (0.163) | −0.263 (0.129)** |
| Collectivism-Individualism | −0.213 (0.23) | −0.209 (0.223) | −0.117 (0.184) |
| Duty-Joy | 0.386 (0.175)** | 0.39 (0.164)** | 0.401 (0.15)** |
| Distrust-Trust | −0.762 (0.251)*** | −0.761 (0.248)*** | −0.747 (0.194)*** |
| GDP growth | 1.325 (2.082) | 1.32 (2.058) | 0.899 (1.187) |
| Labour Market Regulations | −0.226 (0.305) | −0.225 (0.301) | −0.373 (0.243) |
| Labour Force Education | 0.035 (0.468) | ||
| constant | 1.455 (0.419)*** | 1.478 (0.284)*** | 1.651 (0.224)*** |
| No. of observations | 56 | 56 | 71 |
| R2 | 0.4194 | 0.4193 | 0.3736 |
| Cat2 | −0.185 (0.274) | −0.192 (0.258) | −0.3 (0.176)* |
| Cat3 | 0.011 (0.151) | 0.011 (0.15) | −0.124 (0.108) |
| Cat4 | −0.076 (0.154) | −0.076 (0.152) | −0.206 (0.118)* |
| Cat5 | −0.14 (0.167) | −0.142 (0.163) | −0.263 (0.129)** |
| Collectivism-Individualism | −0.213 (0.23) | −0.209 (0.223) | −0.117 (0.184) |
| Duty-Joy | 0.386 (0.175)** | 0.39 (0.164)** | 0.401 (0.15)** |
| Distrust-Trust | −0.762 (0.251)*** | −0.761 (0.248)*** | −0.747 (0.194)*** |
| GDP growth | 1.325 (2.082) | 1.32 (2.058) | 0.899 (1.187) |
| Labour Market Regulations | −0.226 (0.305) | −0.225 (0.301) | −0.373 (0.243) |
| Labour Force Education | 0.035 (0.468) | ||
| constant | 1.455 (0.419)*** | 1.478 (0.284)*** | 1.651 (0.224)*** |
| No. of observations | 56 | 56 | 71 |
| 0.4194 | 0.4193 | 0.3736 |
Note(s): Three regression models were run using EOC1+ as the dependent variable, including Labour Force Education in Model 1 and excluding it in Models 2 and 3. Excluding this variables gave a larger sample size. This model is run with the same number of observations as in Model 1 for robustness to show that the main results are unaffected by a different sample size. Higher values of culture variables indicate higher levels of Individualism, Joy and Trust respectively. * if p < 0.10, ** if p < 0.05, *** if p < 0.01. Standard errors in parentheses
Source(s): Created by author
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