Table 1.
Dependent variable: prob (diversification) | ||||||
---|---|---|---|---|---|---|
Full diversification | Within field diversfication | Between field diversfication | ||||
Single | Multiple | Single | Multiple | Single | Multiple | |
(i) | (ii) | (iii) | (iv) | (v) | (vi) | |
Knowledge relatedness | 0.936*** | 0.688*** | 0.184*** | 0.121*** | 0.702*** | 0.511*** |
(0.003) | (0.009) | (0.005) | (0.013) | (0.003) | (0.011) | |
Social relatedness | 2.827*** | 4.243*** | 2.272*** | 3.968*** | 2.914*** | 4.284*** |
(0.006) | (0.019) | (0.008) | (0.021) | (0.008) | (0.021) | |
Field core-atomic | 0.332*** | 0.428*** | 0.056** | 0.276*** | 0.303*** | 0.385*** |
(0.010) | (0.007) | (0.025) | (0.021) | (0.010) | (0.008) | |
Field core-classical | 0.490*** | 0.477*** | 1.001*** | 0.932*** | 0.313*** | 0.328*** |
(0.010) | (0.007) | (0.029) | (0.023) | (0.010) | (0.008) | |
Field core-cond. matter | 1.088*** | 0.761*** | 1.110*** | 0.892*** | 1.263*** | 0.903*** |
(0.012) | (0.009) | (0.024) | (0.020) | (0.017) | (0.013) | |
Field core-general | 0.722*** | 0.537*** | 0.927*** | 0.823*** | 0.632*** | 0.422*** |
(0.011) | (0.007) | (0.028) | (0.021) | (0.012) | (0.008) | |
Field core-hgh.energy | 0.219*** | 0.168*** | 1.806*** | 1.176*** | 0.360*** | 0.060*** |
(0.010) | (0.006) | (0.027) | (0.023) | (0.013) | (0.008) | |
Field core-interdisc | 0.557*** | 0.553*** | 0.357*** | 0.724*** | 0.365*** | 0.367*** |
(0.010) | (0.007) | (0.026) | (0.021) | (0.011) | (0.008) | |
Field core-nuclear | 0.463*** | 0.164*** | 0.969*** | 0.692*** | 0.068*** | 0.161*** |
(0.010) | (0.006) | (0.024) | (0.021) | (0.011) | (0.009) | |
Field core-plasma | 0.269*** | 0.419*** | 0.155** | 0.361*** | 0.074*** | 0.256*** |
(0.013) | (0.008) | (0.068) | (0.058) | (0.015) | (0.009) | |
# of PACS | 0.882*** | 0.806*** | 0.769*** | 0.497*** | 1.003*** | 0.944*** |
(0.002) | (0.003) | (0.005) | (0.004) | (0.004) | (0.004) | |
# of papers | 0.010*** | 0.113*** | 0.065*** | 0.252*** | 0.032*** | 0.050*** |
(0.002) | (0.003) | (0.005) | (0.004) | (0.004) | (0.004) | |
# of co-authors | 0.406*** | 0.347*** | 0.240*** | 0.145*** | 0.488*** | 0.444*** |
(0.002) | (0.004) | (0.004) | (0.004) | (0.003) | (0.006) | |
PACS target popularity | 1.130*** | 0.611*** | 1.370*** | 0.774*** | 1.108*** | 0.559*** |
(0.002) | (0.002) | (0.005) | (0.003) | (0.003) | (0.002) | |
crowd | 0.239*** | 0.358*** | 0.131*** | 0.345*** | 0.320*** | 0.393*** |
(0.002) | (0.003) | (0.003) | (0.003) | (0.003) | (0.003) | |
PACS citations | 0.273*** | 0.332*** | 0.208*** | 0.313*** | 0.369*** | 0.354*** |
(0.002) | (0.003) | (0.004) | (0.003) | (0.004) | (0.003) | |
field citations | 0.156*** | 0.070*** | ✗ | ✗ | 0.196*** | 0.143*** |
(0.004) | (0.004) | (✗) | (✗) | (0.006) | (0.005) | |
KR:SR | 0.255*** | 0.061*** | 0.047*** | 0.001 | 0.234*** | 0.067*** |
(0.004) | (0.010) | (0.007) | (0.013) | (0.005) | (0.011) | |
Constant | 3.812*** | 5.903*** | 1.882*** | 4.250*** | 4.168*** | 6.165*** |
(0.010) | (0.020) | (0.022) | (0.028) | (0.010) | (0.022) | |
Observations | 7,072,386 | 35,968,615 | 1,000,230 | 5,407,404 | 6,072,156 | 30,154,990 |
Log kikelihood | 1,086,281.000 | 7,303,198.000 | 334,697.300 | 2,166,803.000 | 716,398.900 | 4,971,497.000 |
Akaike inf. crit. | 2,172,600.000 | 14,606,434.000 | 669,430.600 | 4,333,642.000 | 1,432,836.000 | 9,943,033.000 |
Coefficients of the logistic regressions of Eq. (8), i.e. the model including the interaction term between knowledge and social relatedness, under different specialization settings. The table reports clustering corrected standard errors (in parenthesis) and significance level: *p < 0.1; **p < 0.05; ***p < 0.01. ✗: variable not included in the model.