Table 7. Moderating effect test SC...

Table 7.

Moderating effect test

	SC
Variables	Model 18	Model 19	Model 20	Model 21	Model 22	Model 23	Model 24	Model 25	Model 26
EstYear	−0.127 (0.113)	−0.092 (0.109)	−0.096 (0.109)	−0.113 (0.109)	−0.127 (0.108)*	−0.111 (0.109)	−0.126 (0.109)	−0.084 (0.106)	−0.082 (0.105)
EmpSize	−0.033 (0.145)	−0.025 (0.140)	−0.015 (0.139)	−0.041 (0.139)	−0.047 (0.138)	−0.058 (0.140)	−0.059 (0.140)	−0.061 (0.135)	−0.057 (0.134)
Reve	0.028 (0.097)	0.018 (0.094)	0.007 (0.093)	0.037 (0.094)	0.031 (0.093)	0.022 (0.094)	0.030 (0.094)	0.071 (0.092)	0.063 (0.091)
Natu	0.039 (0.151)	−0.004 (0.147)	−0.022 (0.147)	0.012 (0.146)	−0.010 (0.145)	0.031 (0.146)	0.025 (0.145)	0.020 (0.141)	0.011 (0.139)
Indus	0.007 (0.104)	0.014 (0.100)	0.017 (0.099)	0.004 (0.100)	0.001 (0.099)	0.007 (0.100)	0.001 (0.100)	0.013 (0.097)	0.031 (0.096)
Edu	−0.083 (0.118)	−0.092 (0.114)	−0.086 (0.114)	−0.070 (0.115)	−0.057 (0.115)	−0.060 (0.117)	−0.069 (0.116)	−0.071 (0.111)	−0.055 (0.111)
WYear	0.032 (0.134)	0.039 (0.130)	0.027 (0.130)	0.012 (0.130)	−0.003 (0.129)	0.025 (0.130)	0.016 (0.130)	0.008 (0.126)	−0.009 (0.125)
MO		0.220 (0.075)***	0.232 (0.075)***
TO				0.233*** (0.071)	0.265*** (0.071)
HC						0.209*** (0.078)	0.208*** (0.077)
OC								0.333*** (0.070)	0.355*** (0.070)
En		0.156* (0.078)	0.173** (0.078)	0.108 (0.082)	0.148* (0.084)	0.151* (0.079)	0.156* (0.079)	0.119* (0.077)	0.147* (0.077)
MO × En			0.137* (0.083)
TO × En					0.160* (0.083)
HC × En							0.124 (0.087)*
OC × En									0.151* (0.071)
R²	0.024	0.103	0.121	0.105	0.125	0.098	0.113	0.16	0.181
ΔR²	0.024	0.079	0.018	0.08	0.021	0.074	0.015	0.136	0.02
Adjust R²	−0.002	0.072	0.087	0.073	0.091	0.067	0.079	0.131	0.149
F	0.927	3.301***	3.537***	3.346***	3.684***	3.130**	3.286***	5.467***	5.664***

	SC
Variables	Model 18	Model 19	Model 20	Model 21	Model 22	Model 23	Model 24	Model 25	Model 26
EstYear	−0.127 (0.113)	−0.092 (0.109)	−0.096 (0.109)	−0.113 (0.109)	−0.127 (0.108)*	−0.111 (0.109)	−0.126 (0.109)	−0.084 (0.106)	−0.082 (0.105)
EmpSize	−0.033 (0.145)	−0.025 (0.140)	−0.015 (0.139)	−0.041 (0.139)	−0.047 (0.138)	−0.058 (0.140)	−0.059 (0.140)	−0.061 (0.135)	−0.057 (0.134)
Reve	0.028 (0.097)	0.018 (0.094)	0.007 (0.093)	0.037 (0.094)	0.031 (0.093)	0.022 (0.094)	0.030 (0.094)	0.071 (0.092)	0.063 (0.091)
Natu	0.039 (0.151)	−0.004 (0.147)	−0.022 (0.147)	0.012 (0.146)	−0.010 (0.145)	0.031 (0.146)	0.025 (0.145)	0.020 (0.141)	0.011 (0.139)
Indus	0.007 (0.104)	0.014 (0.100)	0.017 (0.099)	0.004 (0.100)	0.001 (0.099)	0.007 (0.100)	0.001 (0.100)	0.013 (0.097)	0.031 (0.096)
Edu	−0.083 (0.118)	−0.092 (0.114)	−0.086 (0.114)	−0.070 (0.115)	−0.057 (0.115)	−0.060 (0.117)	−0.069 (0.116)	−0.071 (0.111)	−0.055 (0.111)
WYear	0.032 (0.134)	0.039 (0.130)	0.027 (0.130)	0.012 (0.130)	−0.003 (0.129)	0.025 (0.130)	0.016 (0.130)	0.008 (0.126)	−0.009 (0.125)
MO		0.220 (0.075)***	0.232 (0.075)***
TO				0.233*** (0.071)	0.265*** (0.071)
HC						0.209*** (0.078)	0.208*** (0.077)
OC								0.333*** (0.070)	0.355*** (0.070)
En		0.156* (0.078)	0.173** (0.078)	0.108 (0.082)	0.148* (0.084)	0.151* (0.079)	0.156* (0.079)	0.119* (0.077)	0.147* (0.077)
MO × En			0.137* (0.083)
TO × En					0.160* (0.083)
HC × En							0.124 (0.087)*
OC × En									0.151* (0.071)
R²	0.024	0.103	0.121	0.105	0.125	0.098	0.113	0.16	0.181
ΔR²	0.024	0.079	0.018	0.08	0.021	0.074	0.015	0.136	0.02
Adjust R²	−0.002	0.072	0.087	0.073	0.091	0.067	0.079	0.131	0.149
F	0.927	3.301***	3.537***	3.346***	3.684***	3.130**	3.286***	5.467***	5.664***

Notes:

*, **, *** mean p < 0.05; p < 0.01 and p < 0.001, respectively. The regression coefficients in the table are all the standardized regression coefficients, and the standard errors are in parentheses

Source: This table is created by the authors

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