Innovation and business performance - a provisional multi-regional analysis



Table 6: OLS Regression Models of Business Performance

Variable

Profit Margin

Sales Growth

Employment Growth

Parameter

t-ratio

Parameter t-ratio

Parameter t-ratio

Constant

21.349

6.732

36.063

3.363

19.218

2.476

Innovation Success (Log)

-0.023

-1.068

0.276

3.827

0.207

3.974

Market Position

Plant Vintage (years)

0.051

2.734

-0.315

-4.930

-0.254

-5.494

Part of Multi-Plant Group

1.924

1.230

-0.564

-0.106

-3.980

-1.036

Production Mainly One Offs

3.041

1.645

-5.906

-0.949

-1.586

-0.351

Production Mainly Cts. Production

2.110

1.316

4.398

0.808

1.654

0.418

Important Barriers: Risk

-2.159

-1.331

-8.091

-1.482

-4.426

-1.120

Important Barriers: Legislation

2.928

1.523

2.026

0.313

1.489

0.317

Important Barriers: Partners

0.869

0.340

16.012

1.865

12.248

1.949

Plant is Exporting

0.061

2.557

-0.032

-0.388

0.008

0.131

Resource Indicators

Workforce with Degree (%)

0.089

1.114

0.270

1.006

0.090

0.464

Workforce with No Qual. (%)

-0.040

-1.464

-0.092

-0.995

0.045

0.670

Integrated IT Cluster

-1.653

-1.037

-2.246

-0.413

-1.333

-0.339

R&D Department in Plant

1.186

0.726

0.726

0.131

4.314

1.072

R&D in Group

0.621

0.405

-6.775

-1.308

-4.597

-1.224

Quality Oriented Firm

-2.432

-1.594

8.633

1.678

4.640

1.241

Resource Barriers: Technology

2.376

1.293

-7.032

-1.109

-0.988

-0.215

Resource Barriers: Attitudes

3.412

1.373

2.117

0.246

-0.150

-0.024

Resource Barriers: Lack of Cash

-2.254

-1.436

-2.215

-0.417

-5.530

-1.442

Employment

0.000

0.111

-0.015

-1.955

-0.015

-2.632

N

720

692

678

Adjusted R-squared

0.034

0.080

0.086

Std Error

17.70

58.90

42.21

F(..) (P)

1.92 (0.034)

3.16 (0.00)

3.28 (0.00)

Note: Each model also included a set of nine industry dummy variables which are not
reported. Details of the 'Integrated IT' and 'Quality Oriented Plant' variables are given
in Annex 1.

Sources: Multi-Regional Database, Tables 1 and 2.

20



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