| Model | Growth | |||
| Standardized coefficients | T-statistic | |||
| EO | 0.17** | 6.78 | ||
| Crisis | 0.013 | 0.661 | ||
| Size | 0.064** | 3.702 | ||
| Country | 0.052** | 3.159 | ||
| Model summary | R-Square | Adjusted R-Square | ||
| 0.027 | 0.026 | |||
| ANOVA | F | |||
| 26.040** | ||||
| Sign. level: 1% (**); 5% (*) | ||||