Table 3. Regression table Variables... | Emerald Publishing

Table 3.

Regression table

Variables	Capital share F	Investment share F	Co-investing bias F	Lead preference F	Later stage bias F	Hub bias F	Industry bias F
Startup funding*	0.49**	−0.54*	−0.41	−0.33	0.19	−0.52	−0.54*
R&D spending*	0.41***	0.62***	0.18*	0.10	0.37***	0.42***	−0.09
Policy uncertainty	−0.26*	−0.88***	0.25	−0.80***	−0.45**	−0.50*	−0.09
Shares issued	−1.09***	−0.76**	0.77***	−0.48*	−0.48*	0.00	0.93***
NASDAQ	−0.17	0.20	0.18	−0.12	0.38*	0.48*	0.20
_cons	0.86	1.20	0.03	1.47	0.78	0.89	0.38
Number of obs	25	25	25	25	25	25	25
R²	0.90	0.77	0.55	0.56	0.47	0.37	0.78
Adj. R²	0.88	0.71	0.43	0.45	0.33	0.21	0.72
F – FCrtitical	35.8***	12.8***	4.7***	4.9***	3.4***	2.2*	13.5***

Variables	Capital share F	Investment share F	Co-investing bias F	Lead preference F	Later stage bias F	Hub bias F	Industry bias F
Startup funding*	0.49**	−0.54*	−0.41	−0.33	0.19	−0.52	−0.54*
R&D spending*	0.41***	0.62***	0.18*	0.10	0.37***	0.42***	−0.09
Policy uncertainty	−0.26*	−0.88***	0.25	−0.80***	−0.45**	−0.50*	−0.09
Shares issued	−1.09***	−0.76**	0.77***	−0.48*	−0.48*	0.00	0.93***
NASDAQ	−0.17	0.20	0.18	−0.12	0.38*	0.48*	0.20
_cons	0.86	1.20	0.03	1.47	0.78	0.89	0.38
Number of obs	25	25	25	25	25	25	25
R²	0.90	0.77	0.55	0.56	0.47	0.37	0.78
Adj. R²	0.88	0.71	0.43	0.45	0.33	0.21	0.72
F – FCrtitical	35.8***	12.8***	4.7***	4.9***	3.4***	2.2*	13.5***

Notes:

Variable with *Significant at p < 0,1; **p < 0,05; ***p < 0,01

Source: Table by author