Table 2 Regression results
From: Shareholder internationality and importing activities of emerging market firms
Model # | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
Dependent variable | Import propensity (H1a) | Diversity of importing countries of origin (H1b) | Import propensity (H2a) | Diversity of importing countries of origin (H2b) |
Statistical model | Probit | Linear regression | Probit | Linear regression |
Constant | −2.210* | 1.132*** | −2.258 | 1.106*** |
(1.258) | (0.387) | (1.605) | (0.395) | |
Experience | 0.018 | 0.001 | 0.027** | 0.001 |
(0.011) | (0.003) | (0.014) | (0.003) | |
VAT | 0.001 | 0.015 | −0.002 | 0.014 |
(0.042) | (0.009) | (0.043) | (0.009) | |
Tariffs | −0.081** | −0.022** | − 0.091** | −0.021** |
(0.037) | (0.009) | (0.039) | (0.009) | |
Size | 1.039*** | 0.034** | 1.225*** | 0.033** |
(0.213) | (0.016) | (0.275) | (0.016) | |
H1: Shareholder internationality | 1.812*** | 0.302** | Â | Â |
(0.572) | (0.135) | Â | Â | |
H2: Divergence of shareholders’ nationality backgrounds |  |  | −0.294*** | 0.030* |
| Â | Â | (0.100) | (0.016) | |
Year dummies | Included | Included | Included | Included |
Industry dummies | Included | Included | Included | Included |
N | 864 | 568 | 864 | 568 |
Wald chi2 | 67.22 | 89.30 | 88.85 | 84.58 |