Variable

(1)

(2)

(3)

(4)

(5)

(6)

Breadth of servitization

Depth of servitization

Servnum

0.058***

0.065***

0.062***

(0.013)

(0.012)

(0.013)

Servreve

0.110***

0.130***

0.123***

(0.028)

(0.028)

(0.029)

Age

−0.246***

−0.152***

−0.247***

−0.152***

(0.031)

(0.035)

(0.031)

(0.035)

Size

0.084***

0.104***

0.083***

0.103***

(0.010)

(0.011)

(0.010)

(0.011)

Lev

−0.634***

−0.695***

−0.634***

−0.696***

(0.063)

(0.069)

(0.063)

(0.069)

Roa

0.053

−0.034

0.053

−0.034

(0.219)

(0.234)

(0.219)

(0.234)

Current

0.816***

0.782***

0.817***

0.783***

(0.054)

(0.059)

(0.054)

(0.059)

Revrt

0.001

0.000

0.001

0.000

(0.000)

(0.000)

(0.000)

(0.000)

Soe

−0.026

0.045

−0.026

0.047*

(0.025)

(0.028)

(0.025)

(0.028)

Foe

−0.100*

−0.031

−0.101*

−0.031

(0.056)

(0.057)

(0.056)

(0.057)

Year

Yes

Yes

Yes

Yes

Yes

Yes

Firmid

Yes

No

Yes

Yes

No

Yes

N

20866

19360

19360

20866

19360

19360

PseudoR2

0.310

0.222

0.317

0.310

0.222

0.317

Park_type

0.000

0.000

0.000

0.000

0.000

0.000

NLR_test

0.000

0.000

0.000

0.000

0.000

0.000

HPC_test

0.487

0.762

0.657

0.486

0.765

0.661