Dependent Variable

COC

VIF

Adjusted R²

31.1%

-

Standard Error

0.191

-

Durbin-Watson

1.183

-

F-Value

1.183***

-

No. of Observations

2000

-

Constant

−2.791***

-

Independent Variables

IO

2.532**

1.363

Control Variables

Sales Growth

0.685

1.094

Firm Size

1.935*

2.587

Leverage

0.535

1.404

Corruption Index

4.692***

1.298

Inflation

−0.476

1.255

GDP Per Capita

−2.361**

1.312