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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