(1) (2) (3) (4) (5) (6) (7) VARIABLES LABELS Greenfield Greenfield Greenfield Greenfield Greenfield Greenfield Greenfield lnicoysize Company Size -2.176** -2.154** -2.664+ -3.796** -2.919 4.659+ -2.335** [0.002] [0.003] [0.078] [0.002] [0.108] [0.060] [0.002] icoyage Age of company 0.010 0.013 -0.001 0.005 0.030 0.084* 0.011 [0.227] [0.125] [0.918] [0.758] [0.147] [0.047] [0.200] announcedyear Announced Year -0.225*** -0.231*** -0.372*** -0.065 -0.206 -0.519* -0.228*** [0.000] [0.000] [0.000] [0.389] [0.227] [0.019] [0.000] numfounder Number of Founders 0.212 0.154 1.272 0.184 0.524 -0.030 0.219 [0.372] [0.491] [0.447] [0.621] [0.478] [0.939] [0.363] irevenue Est Revenue -0.031 -0.051 0.043 -0.094 1.077 -1.131+ -0.037 [0.815] [0.702] [0.880] [0.650] [0.130] [0.070] [0.789] ifunding Funding Received -0.000* -0.000* -0.000 -0.000 -0.000+ -0.000 -0.000* [0.024] [0.012] [0.304] [0.208] [0.079] [0.218] [0.021] ipostatuscode IPO Status 0.929** 0.990** 1.939*** 0.898 14.985 0.778 1.045** [0.004] [0.004] [0.000] [0.101] [0.931] [0.757] [0.002] ipcount Patents Granted -0.109+ -0.113+ -0.178* -0.401 0.004 4.913 -0.115+ [0.078] [0.065] [0.014] [0.577] [0.976] [.] [0.086] ircodes2 IR Industry Cat 2 -2.217 [0.111] ircodes3 IR Industry Cat 3 2.472 [0.401] ircodes4 IR Industry Cat 4 -3.071* [0.036] lnnumapps No. of Mobile Apps -0.385** 1.162 28.272 -0.281 -0.210 -1.209** 26.319*** [0.008] [0.152] [.] [0.449] [0.582] [0.006] [0.000] lntechcount No. of Tech Adopted -0.315+ -1.236* -0.888* -0.220 -0.938 0.267 -0.809* [0.068] [0.021] [0.013] [0.395] [0.164] [0.406] [0.018] ir2app Industry 2 by Mobile Apps -26.603 [.] ir3app Industry 3 by Mobile Apps -26.682*** [0.000] ir4app Industry 4 by Mobile Apps -27.039*** [0.000] ir2tech Industry 2 by Tech Count 0.651 [0.127] ir3tech Industry 3 by Tech Count -0.364 [0.670] ir4tech Industry 4 by Tech Count 1.027* [0.021] imr2 imr2 0.274 0.401 -1.011 -0.335 4.030 6.442 0.258 [0.635] [0.506] [0.401] [0.743] [0.222] [0.137] [0.674] irindex IR Digital Index 0.059 -0.665 [0.746] [0.156] iridxapp IR Digital Index by Num of Apps -0.390* [0.047] iridxtech IR Digital Index by Technology Adopted 0.276+ [0.061] Constant Constant 458.600*** 472.755*** 754.610*** 138.932 392.482 1,037.165* 465.404*** [0.000] [0.000] [0.000] [0.366] [.] [0.020] [0.000] Observations 535 535 206 168 104 57 535 Robust pval in brackets *** p<0.001, ** p<0.01, * p<0.05, + p<0.1