Table 4 Hierarchical regression analysis...

Table 4

Hierarchical regression analysis results

	Hypotheses testing			Post hoc analysis
	Dependent variable: export venture performance			Dependent variable: export function performance
	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6
Independent variables
Intelligence activity		0.31 (4.69)**	0.30 (4.47)**		0.16 (2.40)**	0.13 (2.09)*
Responsiveness activity		0.01 (0.17)	0.07 (1.11)		0.24 (3.57)**	0.27 (4.12)**
Moderator variables
Partner selection through WOM referral		0.07 (1.17)	0.04 (0.65)		0.09 (1.49)	0.08 (1.33)
Interaction terms
Intelligence activity × WOM referral			−0.15 (−2.27)*			−0.00 (−0.04)
Responsiveness activity × WOM referral			0.21 (3.13)**			0.21 (3.11)**
Control variables
Firm size (log)	0.11 (1.62)	0.12 (1.90)	0.13 (2.03)*	0.15 (2.23)*	0.13 (2.10)*	0.14 (2.27)*
Export experience (log)	−0.05 (−0.64)	−0.05 (−0.75)	−0.04 (−0.59)	0.12 (1.58)	0.11 (1.59)	0.12 (1.74)
Export scope (log)	0.13 (1.76)	0.07 (1.01)	0.08 (1.11)	0.08 (1.07)	0.01 (0.12)	0.00 (0.05)
Environmental dynamism	0.07 (1.01)	0.06 (0.89)	0.10 (1.46)	−0.04 (−0.52)	−0.05 (−0.78)	−0.03 (−0.40)
Environmental diversity	−0.12 (−1.64)	−0.14 (−1.98)*	−0.17 (−2.44)**	0.08 (1.13)	0.07 (1.04)	0.05 (0.80)
Psychic distance	−0.02 (−0.26)	−0.00 (−0.01)	0.01 (0.17)	−0.05 (0.78)	0.01 (0.03)	−0.01 (−0.11)
R²	0.04	0.14	0.18	0.07	0.19	0.23
Adjusted-R²	0.02	0.11	0.14	0.05	0.16	0.19
F-statistics	1.73	4.43	4.73	3.05	6.11	6.31

	Hypotheses testing			Post hoc analysis
	Dependent variable: export venture performance			Dependent variable: export function performance
	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6
Independent variables
Intelligence activity		0.31 (4.69)**	0.30 (4.47)**		0.16 (2.40)**	0.13 (2.09)*
Responsiveness activity		0.01 (0.17)	0.07 (1.11)		0.24 (3.57)**	0.27 (4.12)**
Moderator variables
Partner selection through WOM referral		0.07 (1.17)	0.04 (0.65)		0.09 (1.49)	0.08 (1.33)
Interaction terms
Intelligence activity × WOM referral			−0.15 (−2.27)*			−0.00 (−0.04)
Responsiveness activity × WOM referral			0.21 (3.13)**			0.21 (3.11)**
Control variables
Firm size (log)	0.11 (1.62)	0.12 (1.90)	0.13 (2.03)*	0.15 (2.23)*	0.13 (2.10)*	0.14 (2.27)*
Export experience (log)	−0.05 (−0.64)	−0.05 (−0.75)	−0.04 (−0.59)	0.12 (1.58)	0.11 (1.59)	0.12 (1.74)
Export scope (log)	0.13 (1.76)	0.07 (1.01)	0.08 (1.11)	0.08 (1.07)	0.01 (0.12)	0.00 (0.05)
Environmental dynamism	0.07 (1.01)	0.06 (0.89)	0.10 (1.46)	−0.04 (−0.52)	−0.05 (−0.78)	−0.03 (−0.40)
Environmental diversity	−0.12 (−1.64)	−0.14 (−1.98)*	−0.17 (−2.44)**	0.08 (1.13)	0.07 (1.04)	0.05 (0.80)
Psychic distance	−0.02 (−0.26)	−0.00 (−0.01)	0.01 (0.17)	−0.05 (0.78)	0.01 (0.03)	−0.01 (−0.11)
R²	0.04	0.14	0.18	0.07	0.19	0.23
Adjusted-R²	0.02	0.11	0.14	0.05	0.16	0.19
F-statistics	1.73	4.43	4.73	3.05	6.11	6.31

Note(s): All reported betas are standardized (t-values in parentheses). Critical t-values are 1.960 and 2.326 for significance levels of 2.5% and 1% respectively (because all hypotheses are directional, we used one-tailed tests). **p < 0.01, *p < 0.025

Source(s): Author’s own creation

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