Research Article

The Impact of Venture Capital on the Growth of Small- and Medium-Sized Enterprises in Agriculture

Table 3

Effects of venture capital on the profitability of SMEs.

Dependant variableOPGRNAIR
Model 1Model 2Model 1Model 2

Constant0.038 (0.265)−0.117 (−0.726)0.324 (6.617)0.163 (9.357)
DumVC0.022 (1.782)0.126 (4.411)
DumVC10.098 (3.994)
DumVC20.05 (2.378)0.151 (5.798)
DumVC30.049 (1.928)0.213 (5.349)
DumVC40.086 (4.232)0.31 (10.975)
TA0.026 (2.449)0.034 (2.896)
Time
ALR−0.348 (−6.616)−0.220 (−3.100)−0.269 (−3.572)
Zindex0.004 (2.407)0.003 (2.716)
F value108.64389.57421.27328.325
Adjusted R20.8920.9190.6090.778

Note. ; ; . Source: authors’ elaboration.