Variables | (Product Inn) | (New Prod) | (Process Inn) | (New logistics) | (New Struct) | (Organisation) | (Marketing) | (R&D spending) | (Employees) |
H1 | H2 | H3 | H4a | H4b | H5 | H6 | H7 | H8 | |
0b.h1#c.k8 | −0.0384 |
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| (0.133) |
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1.h1#c.k8 | 0.262 |
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| (0.209) |
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LnFirmge | −0.154 | −0.142 | −0.147 | −0.142 | −0.144 | −0.130 | −0.0850 | −0.133 | −0.126 |
| (0.241) | (0.240) | (0.241) | (0.238) | (0.238) | (0.237) | (0.241) | (0.241) | (0.240) |
Capacity Utilisation | 0.00415 | 0.00498 | 0.00521 | 0.00487 | 0.00169 | 0.00443 | 0.00241 | 0.00363 | 0.00464 |
| (0.00761) | (0.00780) | (0.00783) | (0.00766) | (0.00723) | (0.00742) | (0.00755) | (0.00765) | (0.00773) |
Educated labour force | −0.0331 | −0.0329 | −0.0299 | −0.0350 | −0.0410 | −0.0329 | −0.0370 | −0.0303 | −0.0291 |
| (0.0637) | (0.0649) | (0.0645) | (0.0635) | (0.0630) | (0.0637) | (0.0636) | (0.0644) | (0.0648) |
Ln(Capital per worker) | 0.342*** | 0.338*** | 0.332*** | 0.325*** | 0.341*** | 0.326*** | 0.344*** | 0.344*** | 0.337*** |
| (0.0700) | (0.0712) | (0.0706) | (0.0714) | (0.0691) | (0.0705) | (0.0708) | (0.0712) | (0.0716) |
Exporter | 0.153*** | 0.150*** | 0.149*** | 0.152*** | 0.147*** | 0.157*** | 0.158*** | 0.150*** | 0.149*** |
| (0.0301) | (0.0299) | (0.0297) | (0.0303) | (0.0314) | (0.0303) | (0.0301) | (0.0292) | (0.0293) |
Private domestic | −0.00311 | −0.00300 | −0.00310 | −0.00350 | −0.00409 | −0.00454 | −0.00311 | −0.00339 | −0.00331 |
| (0.00486) | (0.00489) | (0.00491) | (0.00483) | (0.00511) | (0.00472) | (0.00474) | (0.00482) | (0.00473) |
Private foreign | 0.0153** | 0.0160** | 0.0152** | 0.0145** | 0.0131* | 0.0135** | 0.0150** | 0.0148** | 0.0151** |
| (0.00697) | (0.00698) | (0.00704) | (0.00710) | (0.00728) | (0.00681) | (0.00672) | (0.00692) | (0.00688) |
Female ownership | 0.570 | 0.569 | 0.579 | 0.586 | 0.537 | 0.534 | 0.568 | 0.550 | 0.573 |
| (0.469) | (0.472) | (0.462) | (0.449) | (0.447) | (0.455) | (0.467) | (0.467) | (0.473) |
Internal Funds | −0.0198 | −0.0179 | −0.0155 | −0.0161 | −0.0151 | −0.0203 | −0.0174 | −0.0168 | −0.0176 |
| (0.0223) | (0.0216) | (0.0209) | (0.0192) | (0.0183) | (0.0215) | (0.0193) | (0.0212) | (0.0216) |
WC from Banks | −0.000384 | 0.00164 | 0.00361 | 0.00480 | 0.00805 | 0.00205 | −5.74e−05 | 0.00269 | 0.00169 |
| (0.0333) | (0.0327) | (0.0320) | (0.0308) | (0.0303) | (0.0321) | (0.0307) | (0.0318) | (0.0319) |
WC from Non-Banks | −0.0326 | −0.0282 | −0.0248 | −0.0296 | −0.0304 | −0.0313 | −0.0303 | −0.0258 | −0.0261 |
| (0.0258) | (0.0259) | (0.0249) | (0.0244) | (0.0237) | (0.0257) | (0.0235) | (0.0249) | (0.0257) |
WC. Trade Credit | −0.0182 | −0.0153 | −0.0130 | −0.0131 | −0.0119 | −0.0169 | −0.0132 | −0.0133 | −0.0142 |
| (0.0246) | (0.0239) | (0.0237) | (0.0225) | (0.0220) | (0.0238) | (0.0222) | (0.0234) | (0.0238) |
Top Manager Exp. | 0.0119 | 0.00959 | 0.0122 | 0.00942 | 0.00973 | 0.00881 | 0.00911 | 0.00855 | 0.00867 |
| (0.0198) | (0.0203) | (0.0202) | (0.0203) | (0.0204) | (0.0200) | (0.0202) | (0.0203) | (0.0206) |
Firm Size | 0.596 | 0.607 | 0.586 | 0.465 | 0.437 | 0.511 | 0.462 | 0.605 | 0.616 |
| (0.443) | (0.440) | (0.444) | (0.449) | (0.444) | (0.446) | (0.434) | (0.452) | (0.452) |
Industry | −0.0398* | −0.0388 | −0.0390 | −0.0365 | −0.0337 | −0.0355 | −0.0403* | −0.0374 | −0.0396* |
| (0.0238) | (0.0240) | (0.0239) | (0.0235) | (0.0234) | (0.0237) | (0.0235) | (0.0241) | (0.0238) |
0b.h2#c.k8 |
| −0.0212 |
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| (0.134) |
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