| Variables | Pred. Sign | Models (2.1) and (2.2) | |||
| Y: NTaiwan | Y: NMainland China | ||||
|
|
| Parameter | t value (p value) | Parameter | t value (p value) |
| Intercept | ? | −29.229 | −27.31 (<0.0001) | −9.644 | −7.53 (<0.0001) |
| ITC | +, − | 0.042 | 5.48 (<0.0001)** | −0.036 | −4.59 (<0.0001)** |
| RUDIS | − | 0.011 | 4.27 (<0.0001)** | −0.007 | −2.67 (0.0076)** |
| NTaiwan | − |
|
| 0.352 | 20.62 (<0.0001)** |
| NMainland China | − | 0.314 | 20.02 (<0.0001)** |
|
|
| TInvRev | + | −0.001 | −2.35 (0.0187)* |
|
|
| CInvRev | + |
|
| 0.001 | 0.08 (0.9346) |
| ETR | + | −0.014 | −2.60 (0.0092)** | 0.008 | 1.33 (0.1839) |
| DE | − | 0.003 | 3.84 (0.0001)** | −0.002 | −2.76 (0.0058)** |
| GROWTH | + | −0.005 | −4.62 (<0.0001)** | −0.001 | −0.22 (0.8241) |
| SIZE | + | 2.065 | 30.70 (<0.0001)** | 0.653 | 8.26 (<0.0001)** |
| CINT | −, + | −0.002 | −0.46 (0.6445) | −0.057 | −11.06 (<0.0001)** |
| DOIL | ? | 0.466 | 1.96 (0.05)* | −0.232 | −0.94 (0.3483) |
| MTaiwan | + | 0.004 | 0.14 (0.8893) |
|
|
| MMainland China | + |
|
| 0.358 | 6.10 (<.0001)** |
|
| System Weighted R-Square 36.15% | ||||