A Systems View Across Time and Space
From: Firm performance over innovation cycle: evidence from a small European economy
Dependent: | Assets | Equity | Sales | Value added | ||||
---|---|---|---|---|---|---|---|---|
Beta | Sig | Beta | Sig | Beta | Sig | Beta | Sig | |
Set 1 | Initial innovation capabilities, internal resources, and market environment | |||||||
Constant | 0.002 | 0.001 | 0.137 | 0.015 | ||||
Factor 1.1 | 0.097 | 0.255 | 0.117 | 0.165 | 0.053 | 0.526 | 0.128 | 0.133 |
Factor 1.2 | 0.020 | 0.808 | 0.124 | 0.128 | − 0.020 | 0.809 | 0.027 | 0.742 |
Factor 1.3 | − 0.035 | 0.657 | − 0.042 | 0.594 | − 0.112 | 0.156 | − 0.152 | 0.057 |
Factor 1.4 | 0.043 | 0.600 | − 0.064 | 0.430 | − 0.016 | 0.845 | − 0.010 | 0.904 |
Age | 0.002 | 0.980 | − 0.087 | 0.317 | 0.044 | 0.607 | − 0.040 | 0.647 |
Legal form | 0.061 | 0.486 | − 0.032 | 0.717 | − 0.163 | 0.062 | − 0.061 | 0.488 |
Ownership | 0.127 | 0.121 | 0.031 | 0.701 | − 0.107 | 0.189 | − 0.047 | 0.564 |
Region | − 0.156 | 0.050 | − 0.143 | 0.072 | 0.075 | 0.343 | − 0.031 | 0.698 |
Sector | 0.005 | 0.956 | − 0.082 | 0.325 | 0.071 | 0.395 | 0.084 | 0.318 |
Technology | − 0.095 | 0.284 | − 0.095 | 0.284 | − 0.106 | 0.228 | − 0.054 | 0.547 |
Intangible assets | − 0.105 | 0.186 | − 0.037 | 0.641 | − 0.145 | 0.067 | − 0.099 | 0.215 |
Ln assets | − 0.037 | 0.714 | − 0.083 | 0.407 | 0.157 | 0.116 | − 0.010 | 0.918 |
R2 | 0.066 | 0.079 | 0.083 | 0.062 | ||||
Set 2 | Highest benefits of the support | |||||||
Constant | 0.015 | 0.004 | 0.454 | 0.110 | ||||
Factor 2.1 | − 0.012 | 0.899 | 0.031 | 0.745 | − 0.123 | 0.182 | − 0.045 | 0.637 |
Factor 2.2 | 0.013 | 0.868 | − 0.002 | 0.978 | 0.009 | 0.909 | 0.061 | 0.432 |
Factor 2.3 | 0.215 | 0.009 | 0.117 | 0.158 | 0.221 | 0.006 | 0.194 | 0.020 |
Factor 2.4 | 0.002 | 0.976 | 0.114 | 0.174 | 0.119 | 0.140 | 0.093 | 0.264 |
Age | 0.009 | 0.916 | − 0.105 | 0.223 | 0.026 | 0.756 | − 0.060 | 0.490 |
Legal form | 0.062 | 0.469 | − 0.058 | 0.500 | − 0.166 | 0.049 | − 0.076 | 0.383 |
Ownership | 0.141 | 0.092 | 0.028 | 0.743 | − 0.074 | 0.370 | − 0.030 | 0.725 |
Region | − 0.133 | 0.094 | − 0.120 | 0.137 | 0.125 | 0.110 | 0.009 | 0.915 |
Sector | 0.076 | 0.401 | − 0.058 | 0.525 | 0.133 | 0.132 | 0.142 | 0.122 |
Technology | − 0.040 | 0.630 | − 0.055 | 0.513 | − 0.061 | 0.452 | 0.007 | 0.929 |
Intangible assets | − 0.075 | 0.359 | − 0.037 | 0.656 | − 0.084 | 0.297 | − 0.056 | 0.496 |
Ln assets | − 0.020 | 0.834 | − 0.051 | 0.602 | 0.178 | 0.061 | 0.028 | 0.777 |
R2 | 0.098 | 0.076 | 0.135 | 0.076 | ||||
Set 3 | Future priorities | |||||||
Constant | 0.005 | 0.003 | 0.222 | 0.064 | ||||
Factor 3.1 | 0.156 | 0.062 | 0.070 | 0.410 | 0.155 | 0.064 | 0.103 | 0.235 |
Factor 3.2 | 0.132 | 0.087 | 0.127 | 0.108 | 0.012 | 0.872 | 0.055 | 0.493 |
Factor 3.3 | − 0.111 | 0.166 | 0.021 | 0.795 | − 0.147 | 0.068 | − 0.067 | 0.416 |
Factor 3.4 | 0.063 | 0.412 | − 0.091 | 0.247 | − 0.013 | 0.867 | − 0.025 | 0.759 |
Age | − 0.031 | 0.712 | − 0.111 | 0.196 | 0.002 | 0.983 | − 0.081 | 0.354 |
Legal form | 0.061 | 0.468 | − 0.054 | 0.530 | − 0.166 | 0.050 | − 0.081 | 0.357 |
Ownership | 0.129 | 0.115 | 0.040 | 0.631 | − 0.101 | 0.217 | − 0.039 | 0.643 |
Region | − 0.137 | 0.082 | − 0.131 | 0.102 | 0.078 | 0.321 | − 0.022 | 0.786 |
Sector | 0.031 | 0.708 | − 0.036 | 0.666 | 0.095 | 0.250 | 0.125 | 0.145 |
Technology | − 0.082 | 0.330 | − 0.065 | 0.451 | − 0.118 | 0.160 | − 0.022 | 0.802 |
Intangible assets | − 0.117 | 0.132 | − 0.052 | 0.511 | − 0.139 | 0.075 | − 0.096 | 0.232 |
Ln assets | 0.000 | 0.999 | − 0.049 | 0.615 | 0.192 | 0.048 | 0.039 | 0.698 |
R2 | 0.112 | 0.078 | 0.112 | 0.046 |