Models | Y: TE Equation (2) | Y: ROI Equation (3) | |||
Variables | Pred. Sign. | Parameter Estimate | p-Value | Parameter Estimate | p-Value |
Intercept | 0.0091 | 0.9049 | 43.254 | 0.0823 | |
YEARS | + | 0.0020 | 0.1290 | ||
CINT | + | 0.0001*** | <0.0001 | ||
DAREA | − | −0.0194** | 0.0377 | ||
DIND | 0.0016 | 0.8692 | |||
CSIZE | 0.0014 | (0.7671) | |||
CDA | 0.0007** | 0.0132 | |||
CROA | 0.0013*** | 0.0015 | |||
PPTO | 0.0087*** | <0.0001 | |||
CGDP | 0.0011 | 0.7262 | |||
TE | + | 32.7755*** | 0.0045 | ||
RD | + | −2.9329** | 0.0256 | ||
AMOUNT | + | 5.3321*** | 0.0029 | ||
DTYPE | + | 8.0782* | 0.0645 | ||
ELEC | 10.9830*** | 0.0028 | |||
RE | 0.0738 | 0.2208 | |||
PPE | 0.4997 | 0.3464 | |||
GROWTH | −0.0233 | 0.3673 | |||
TROA | 0.6760** | 0.0445 | |||
TDA | −0.2291* | 0.0630 | |||
TSIZE | −6.6085*** | <0.0001 | |||
TGDP | 0.4251 | 0.3441 | |||
System Weighted R-Square 32.74% |