Table 12.
Robustness check: the determinants of inefficiency scores—alternative truncation points
| Model 1: truncation point: 1.0 | Model 2: truncation point: 0.99 | |||||
|---|---|---|---|---|---|---|
| Variables | (1) Bias-adjusted coefficients | 95% Bootstrap confidence intervals | (2) Bias-adjusted coefficients | 95% Bootstrap confidence intervals | ||
| Low | High | Low | High | |||
| GDPn,t | 0.0001 | −0.00062 | 0.00072 | 0.0001 | −0.00062 | 0.00065 |
| nofaci,t | −0.0085*** | −0.01482 | −0.00244 | −0.0077*** | −0.01410 | −0.00097 |
| medi | −0.1000*** | −0.15820 | −0.04766 | −0.1264*** | −0.17989 | −0.06450 |
| yearfoundi | 0.0008*** | 0.00058 | 0.00098 | 0.0008*** | 0.00054 | 0.00097 |
| Rev_corei,t | 0.0106*** | 0.00740 | 0.01333 | 0.0129*** | 0.00947 | 0.01527 |
| Womeni,t | −0.0032*** | −0.00552 | −0.00083 | −0.0031*** | −0.00531 | −0.00064 |
| Obs | 896 | 919 | ||||
* Value of zero does not fall within 90% confidence interval, ** Value of zero does not fall within 95% confidence interval, *** Value of zero does not fall within 99% confidence interval. Confidence intervals obtained from 1000 bootstraping interactions
Constants are not reported. Year and country dummies included in all models
Source Own calculations