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Table 2 Multivariate regression results

From: Quality management and international trade: institutionalization of quality standards and performance outcomes in China

  Model 1 Model 2
(Dependent Variable: Sales Performance) (Dependent Variable: Cost-Efficiency Ratio)
Coefficient Standard Error Coefficient Standard Error
Intercept −0.880** 0.114 0.101 0.212
QM Certifications 0.102* 0.049 −0.254** 0.090
Recent Years −0.105** 0.036 −0.080 0.066
QM Certifications × Recent Years −0.037 0.054 0.254* 0.101
Firm Size 1.053** 0.013 0.060* 0.023
Firm Age −0.015 0.020 −0.038 0.038
Capital Slack 0.093** 0.005 0.029** 0.009
Debt Ratio −0.929** 0.156 0.087 0.290
Dividend Payout −0.007 0.007 0.001 0.012
Industry Dummies Included Included
Number of firm-year observations 1733 1733
Number of firms 175 175
F-test 470.895** 1.882*
  1. * p < 0.05, ** p < 0.01