(0.189) (0.101) (0.276) CONTINUITY -0.013 -0.037 -0.074 (0.089) (0.096) (0.075) PRIOR 0.191* 0.129 0.521* (0.100) (0.104) (0.295) Firm Attributes UNCERTAINTY -0.280* -0.526** -0.258 (0.149) (0.210) (0.163) EXP 0.176 -0.076 0.266*** (0.111) (0.062) (0.096) PRIOR FIN_PERF -0.067 -0.375** 0.044 (0.113) (0.154) (0.101) IMR1 Outsourcing 0.172* 0.361 -0.506** 1.175* – (0.089) (0.228) (0.190) (0.693) IMR2 Contract 0.248 -0.277** -0.264** -0.486** – (0.150) (0.133) (0.123) (0.235) Constant 0.034 0.111 -0.723*** 0.209 (0.087) (0.108) (0.227) (0.337) R-square 0.10 0.38 0.30 0.49 *p<0.10, **p<0.05, ***p<0.01
(0.189) (0.101) (0.276) CONTINUITY -0.013 (0.089) -0.037 (0.096) -0.074 (0.075) PRIOR 0.191* (0.100) 0.129 (0.104) 0.521* (0.295) Firm Attributes UNCERTAINTY -0.280* (0.149) -0.526** (0.210) -0.258 (0.163) EXP 0.176 (0.111) -0.076 (0.062) 0.266*** (0.096) PRIOR FIN_PERF -0.067 (0.113) -0.375** (0.154) 0.044 (0.101) IMR1 – Outsourcing 0.172* (0.089) 0.361 (0.228) -0.506** (0.190) 1.175* (0.693) IMR2 – Contract 0.248 (0.150) -0.277** (0.133) -0.264** (0.123) -0.486** (0.235) Constant 0.034 (0.087) 0.111 (0.108) -0.723*** (0.227) 0.209 (0.337) R-square 0.10 0.38 0.30 0.49 *p<0.10, **p<0.05, ***p<0.01
ba_110411_2.docx