Table IV Results of the model for... | Emerald Publishing

Table IV

Results of the model for different size of firms

Variables	Model (1) Coefficients	Model (2) Coefficients	Model (3) Coefficients	Model (4) Coefficients	Model (5) Coefficients	Model (6) Coefficients
Constant	−0.002	0.000	0.008**	0.012***	0.012***	0.010**
TEA	0.003**	0.004***	0.002*	0.002**	0.002	0.003**
R&D	0.513***	0.541***	0.447**	0.507***	0.535***	0.831***
HK	0.061***	0.052***	0.041**	0.024	0.031*	0.039*
TFP(−1)	0.306***	0.357***	0.138**	0.231***	0.212***	0.006
Without employees	8.085***
1–2 workers		9.395***
3–5 workers			72.670***
6–9 workers				115.740***
10–19 workers					151.831***
Over 20 workers						28.564***
R²	0.573	0.564	0.655	0.643	0.659	0.454
AIC	−4.087	−4.068	−4.302	−4.265	−4.313	−3.842
No. of observations	221	221	221	221	221	221

Variables	Model (1) Coefficients	Model (2) Coefficients	Model (3) Coefficients	Model (4) Coefficients	Model (5) Coefficients	Model (6) Coefficients
Constant	−0.002	0.000	0.008**	0.012***	0.012***	0.010**
TEA	0.003**	0.004***	0.002*	0.002**	0.002	0.003**
R&D	0.513***	0.541***	0.447**	0.507***	0.535***	0.831***
HK	0.061***	0.052***	0.041**	0.024	0.031*	0.039*
TFP(−1)	0.306***	0.357***	0.138**	0.231***	0.212***	0.006
Without employees	8.085***
1–2 workers		9.395***
3–5 workers			72.670***
6–9 workers				115.740***
10–19 workers					151.831***
Over 20 workers						28.564***
R²	0.573	0.564	0.655	0.643	0.659	0.454
AIC	−4.087	−4.068	−4.302	−4.265	−4.313	−3.842
No. of observations	221	221	221	221	221	221

Notes: *,**,***Significant at 10, 5 and 1 per cent, respectively