Parameter estimates of the three-stage BSFA model
| Model 1 Invention | Model 2 Innovation | Model 3 Commercialization | Model 4 Performance evaluation | |
|---|---|---|---|---|
| Output | logPT | logPA | lgPM | lgPE |
| Independent variables | ||||
| Constant | 2.06* (0.70) | 1.89* (0.45) | 1.47* (0.19) | 1.49* (0.19) |
| Trend | 0.17* (0.07) | 0.00 (0.06) | −0.01 (0.02) | −0.00 (0.02) |
| Trend-sqr. | −0.01 (0.01) | −0.00* (0.01) | 0.00 (0.00) | 0.00 (0.00) |
| logPT | 0.00 (0.01) | |||
| logPA | −0.08* (0.03) | |||
| logRDI | −0.36* (0.10) | 0.34* (0.08) | 0.00 (0.04) | |
| logRSI | 0.26 (0.17) | 0.43* (0.14) | 0.20* (0.07) | |
| logSSI | 0.08 (0.04) | 0.04 (0.05) | ||
| logMII | 0.01 (0.04) | 0.11 (0.06) | ||
| logSQ | −0.52 (0.36) | −0.76* (0.24) | −0.02 (0.12) | −0.13 (0.12) |
| Ownership | −0.23* (0.09) | 0.08 (0.07) | −0.22* (0.30) | −0.24* (0.03) |
| Kind | −0.06 (0.09) | 0.28* (0.07) | −0.05 (0.03) | −0.03 (0.03) |
| Location | 0.28* (0.10) | −0.20* (0.07) | 0.08* (0.02) | 0.04 (0.03) |
| DIC | −349.80 | −385.10 | −148.00 | −223.10 |
| Model 1 Invention | Model 2 Innovation | Model 3 Commercialization | Model 4 Performance evaluation | |
|---|---|---|---|---|
| Output | logPT | logPA | lgPM | lgPE |
| Independent variables | ||||
| Constant | 2.06* (0.70) | 1.89* (0.45) | 1.47* (0.19) | 1.49* (0.19) |
| Trend | 0.17* (0.07) | 0.00 (0.06) | −0.01 (0.02) | −0.00 (0.02) |
| Trend-sqr. | −0.01 (0.01) | −0.00* (0.01) | 0.00 (0.00) | 0.00 (0.00) |
| logPT | 0.00 (0.01) | |||
| logPA | −0.08* (0.03) | |||
| logRDI | −0.36* (0.10) | 0.34* (0.08) | 0.00 (0.04) | |
| logRSI | 0.26 (0.17) | 0.43* (0.14) | 0.20* (0.07) | |
| logSSI | 0.08 (0.04) | 0.04 (0.05) | ||
| logMII | 0.01 (0.04) | 0.11 (0.06) | ||
| logSQ | −0.52 (0.36) | −0.76* (0.24) | −0.02 (0.12) | −0.13 (0.12) |
| Ownership | −0.23* (0.09) | 0.08 (0.07) | −0.22* (0.30) | −0.24* (0.03) |
| Kind | −0.06 (0.09) | 0.28* (0.07) | −0.05 (0.03) | −0.03 (0.03) |
| Location | 0.28* (0.10) | −0.20* (0.07) | 0.08* (0.02) | 0.04 (0.03) |
| DIC | −349.80 | −385.10 | −148.00 | −223.10 |
Note(s): *the mean value of the parameter is significant in 95% prediction intervals. DIC refers to the deviance information criterion