Research Article
The Complex Impact of Relational Embeddedness on Enterprise Value: The Moderating Effect of Environmental Dynamics
Table 4
The influence of relational embeddedness on enterprise value.
| | Variable | M0 | M1 | M2 | M7 |
| | Size | 0.078 (0.131) | 0.092 (0.132) | 0.104 (0.132) | 0.083 (0.131) | | FL | 0.004 (0.001) | 0.004 (0.001) | 0.003 (0.001) | 0.003 (0.001) | | LEV | −1.613 (0.658) | −1.573 (0.660) | −1.453 (0.664) | −1.656 (0.642) | | OC | 1.204 (1.232) | 1.132 (1.228) | 1.188 (1.221) | 1.078 (1.223) | | EBD | −0.005 (0.863) | −0.008 (0.858) | 0.076 (0.847) | 0.069 (0.859) | | CD | 5.67e-07 (1.48e-07) | 5.88e-07 (1.51e-07) | 5.61e-07 (1.55e-07) | 6.50e-07 (1.50e-07) | | PROA | −0.774 (1.796) | −0.933 (1.779) | −0.901 (1.765) | −1.111 (1.792) | | ETR | 0.216 (0.089) | 0.213 (0.090) | 0.221 (0.083) | 0.265 (0.082) | | RE | | 0.009 (0.005) | 0.023 (0.009) | 0.008 (0.005) | | RE2 | | | −0.0003 (0.0001) | | | RIC | | | | 5.336 (2.910) | | F | 7.72 | 7.31 | 7.17 | 7.27 |
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Note: standard error in brackets, , , , N = 612. |
