|
| Model 1 | Model 2 | Model 3 | Model 4 |
| Industry | 0.019 (0.579) | 0.048 (0.218) | 0.008 (0.804) | 0.031 (0.374) |
| Year | 0.231** (0.003) | 0.447** (0.023) | 0.294** (0.031) | 0.221** (0.005) |
| Scale | −0.212** (0.004) | −0.302** (0.011) | −0.460** (0.022) | −0.250** (0.001) |
| TI | 0.558** (0.021) |
|
| 1.733** (0.009) |
| KI | 0.424** (0.002) |
|
| 1.616** (0.015) |
| TI1 |
| 0.424** (0.013) | 0.120 (0.083) |
|
| TI2 |
| 0.344** (0.027) | 0.445** (0.001) |
|
| KI1 |
| 0.385** (0.011) | 0.316** (0.014) |
|
| KI2 |
| 0.371** (0.001) | 0.234** (0.004) |
|
| KI3 |
| 0.574** (0.021) | 0.764** (0.018) |
|
| KI´TI |
|
|
| 0.211** (0.039) |
| AdjR2 | 0.426 | 0.420 | 0.591 | 0.431 |
| F value | 36.858 | 22.910 | 44.636 | 31.577 |