(1) (2) (3) (4) (5) VARIABLES LABELS Greenfield Greenfield Greenfield Greenfield Greenfield lnicoysize Company Size -2.354*** -2.419*** -2.456*** -2.411*** -2.403*** [0.000] [0.000] [0.000] [0.000] [0.000] icoyage Age of company 0.008 0.009 0.008 0.010 0.010 [0.218] [0.178] [0.212] [0.142] [0.133] announcedyear Announced Year -0.225*** -0.229*** -0.232*** -0.231*** -0.231*** [0.000] [0.000] [0.000] [0.000] [0.000] numfounder Number of Founders 0.216 0.138 0.213 0.162 0.185 [0.363] [0.533] [0.335] [0.471] [0.422] irevenue Est Revenue -0.026 -0.025 -0.020 -0.043 -0.042 [0.842] [0.849] [0.876] [0.746] [0.751] ifunding Funding Received -0.000* -0.000** -0.000* -0.000* -0.000* [0.023] [0.009] [0.031] [0.012] [0.012] ipostatuscode IPO Status 0.932** 0.901** 0.874* 0.993** 0.994** [0.004] [0.005] [0.010] [0.004] [0.004] ipcount Patents Granted -0.104+ -0.114* -0.106 -0.106+ -0.107* [0.071] [0.042] [0.104] [0.058] [0.048] irindex IR Digital Index 0.061 0.130 -0.644 -0.652 -0.707 [0.734] [0.489] [0.221] [0.163] [0.112] lnnumapps No. of Mobile Apps -0.384** 0.732 1.134 1.092 [0.008] [0.336] [0.165] [0.186] lntechcount No. of Tech Adopted -0.312+ -0.931+ -1.220* -1.274* [0.069] [0.081] [0.022] [0.015] iridxapp IR Digital Index by Num of Apps -0.287 -0.382+ -0.325 [0.112] [0.054] [0.206] iridxtech IR Digital Index by Technology Adopted 0.167 0.272+ 0.294* [0.268] [0.064] [0.041] iridxnumapptech IR Digital Index by Num Tech x Apps -0.030 [0.712] Constant Constant 457.795*** 465.271*** 474.303*** 471.643*** 471.971*** [0.000] [0.000] [0.000] [0.000] [0.000] Observations 535 535 535 535 535 Robust pval in brackets *** p<0.001, ** p<0.01, * p<0.05, + p<0.1