Table 3 Results of the regression... | Emerald Publishing

Table 3

Results of the regression analysis (ordinary least squares, interaction effects with extractive industry)

	(1)	(2)
	MB	ROA
Structural power	0.111 (0.090)	−0.010 (0.012)
Expert power	0.409*** (0.141)	0.026 (0.019)
Prestige power	0.077 (0.072)	−0.019* (0.010)
Ownership power	0.095 (0.089)	0.015 (0.012)
State ownership	−0.088 (0.062)	0.013 (0.009)
Oligarch ownership	0.247*** (0.073)	0.009 (0.010)
Structural power*Extractive industry	−0.207 (0.169)	−0.026 (0.023)
Expert power*Extractive industry	−0.797*** (0.236)	−0.075** (0.032)
Prestige power*Extractive industry	−0.199* (0.116)	0.077*** (0.016)
Ownership power*Extractive industry	−0.089 (0.150)	−0.032 (0.020)
Extractive industry	0.426** (0.177)	0.055** (0.024)
Constant	0.100 (0.360)	0.019 (0.049)
Observations	325	325
R²	0.535	0.298
Control variables	Included	Included
Year dummies	Included	Included
Industry dummies	Included	Included

	(1)	(2)
	MB	ROA
Structural power	0.111 (0.090)	−0.010 (0.012)
Expert power	0.409*** (0.141)	0.026 (0.019)
Prestige power	0.077 (0.072)	−0.019* (0.010)
Ownership power	0.095 (0.089)	0.015 (0.012)
State ownership	−0.088 (0.062)	0.013 (0.009)
Oligarch ownership	0.247*** (0.073)	0.009 (0.010)
Structural power*Extractive industry	−0.207 (0.169)	−0.026 (0.023)
Expert power*Extractive industry	−0.797*** (0.236)	−0.075** (0.032)
Prestige power*Extractive industry	−0.199* (0.116)	0.077*** (0.016)
Ownership power*Extractive industry	−0.089 (0.150)	−0.032 (0.020)
Extractive industry	0.426** (0.177)	0.055** (0.024)
Constant	0.100 (0.360)	0.019 (0.049)
Observations	325	325
R²	0.535	0.298
Control variables	Included	Included
Year dummies	Included	Included
Industry dummies	Included	Included

Note(s): Standard errors are in parentheses

***p < 0.01, **p < 0.05, *p < 0.1