FalseFalse|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
VARIABLES | Greenfield | Greenfield | Greenfield | Greenfield | Greenfield | Greenfield | Greenfield | Greenfield |
| | | | | | | | |
Company Size | -2.563*** | -2.444*** | -2.496*** | -2.492*** | -2.529*** | -2.395*** | -2.500*** | -2.467*** |
| [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] |
Age of company | 0.008 | 0.007 | 0.008 | 0.008 | 0.008 | 0.008 | 0.009 | 0.008 |
| [0.245] | [0.273] | [0.218] | [0.192] | [0.213] | [0.227] | [0.192] | [0.200] |
Announced Year | -0.228*** | -0.221*** | -0.221*** | -0.222*** | -0.230*** | -0.217*** | -0.227*** | -0.229*** |
| [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] |
Number of Founders | 0.183 | 0.194 | 0.175 | 0.247 | 0.247 | 0.242 | 0.224 | 0.207 |
| [0.408] | [0.429] | [0.465] | [0.274] | [0.264] | [0.328] | [0.354] | [0.434] |
Est Revenue | 0.007 | 0.001 | -0.012 | -0.017 | -0.017 | -0.016 | -0.032 | -0.042 |
| [0.956] | [0.992] | [0.929] | [0.900] | [0.899] | [0.903] | [0.815] | [0.765] |
Funding Received | -0.000* | -0.000* | -0.000* | -0.000+ | -0.000+ | -0.000* | -0.000* | -0.000* |
| [0.041] | [0.023] | [0.018] | [0.062] | [0.052] | [0.041] | [0.020] | [0.023] |
IPO Status | 0.851** | 0.887** | 0.956** | 0.967** | 0.929** | 0.972** | 1.048** | 1.079** |
| [0.006] | [0.004] | [0.003] | [0.003] | [0.005] | [0.003] | [0.002] | [0.002] |
Patents Granted | -0.134* | -0.131* | -0.128* | -0.125* | -0.118 | -0.124* | -0.111+ | -0.119* |
| [0.021] | [0.012] | [0.013] | [0.037] | [0.104] | [0.023] | [0.080] | [0.050] |
IR Industry Cat 2 | -0.529 | -0.428 | -0.353 | -0.411 | -2.103 | -0.343 | -2.216 | -2.222 |
| [0.146] | [0.245] | [0.351] | [0.271] | [0.127] | [0.362] | [0.109] | [0.108] |
IR Industry Cat 3 | 0.497 | 0.766 | 0.893 | 0.632 | 2.648 | 0.844 | 2.558 | 2.426 |
| [0.328] | [0.147] | [0.122] | [0.212] | [0.369] | [0.107] | [0.386] | [0.453] |
IR Industry Cat 4 | -1.041* | -0.456 | -0.045 | -0.813 | -3.308* | -0.324 | -3.051* | -2.955* |
| [0.033] | [0.406] | [0.947] | [0.121] | [0.029] | [0.575] | [0.036] | [0.035] |
No. of Mobile Apps | | -0.434** | 25.670*** | | | -0.378* | 26.315*** | -9.680*** |
| | [0.003] | [0.000] | | | [0.014] | [0.000] | [0.000] |
No. of Tech Adopted | | | | -0.339* | -0.741* | -0.286+ | -0.802* | -0.804* |
| | | | [0.041] | [0.026] | [0.092] | [0.018] | [0.018] |
No. of Tech X Apps | | | | | | | | 7.896*** |
| | | | | | | | [0.000] |
Industry 2 by Mobile Apps | | | -25.980 | | | | -26.605 | 7.753*** |
| | | [.] | | | | [.] | [0.000] |
Industry 3 by Mobile Apps | | | -26.117*** | | | | -26.678*** | 10.482 |
| | | [0.000] | | | | [0.000] | [.] |
Industry 4 by Mobile Apps | | | -26.319*** | | | | -27.032*** | 8.805*** |
| | | [0.000] | | | | [0.000] | [0.000] |
Industry 2 by Tech Count | | | | | 0.548 | | 0.649 | 0.638 |
| | | | | [0.189] | | [0.126] | [0.133] |
Industry 3 by Tech Count | | | | | -0.536 | | -0.391 | -0.282 |
| | | | | [0.520] | | [0.648] | [0.769] |
Industry 4 by Tech Count | | | | | 0.761+ | | 1.021* | 0.981* |
| | | | | [0.078] | | [0.021] | [0.027] |
Industry 2 by Apps x Tech | | | | | | | | -7.270 |
| | | | | | | | [.] |
Industry 3 by Apps x Tech | | | | | | | | -8.487*** |
| | | | | | | | [0.000] |
Industry 4 by Apps x Tech | | | | | | | | -7.819*** |
| | | | | | | | [0.000] |
Constant | 463.812*** | 449.550*** | 449.146*** | 452.428*** | 470.303*** | 441.686*** | 464.867*** | 468.738*** |
| [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] |
| | | | | | | | |
Observations | 535 | 535 | 535 | 535 | 535 | 535 | 535 | 535 |
Robust pval in brackets |
*** p<0.001, ** p<0.01, * p<0.05, + p<0.1 |
FalseFalse