Table 5. Indicator construction using different data samples.

Data Sample		Coefficients from Probit Analysis				#RCs	Pseudo-R2
Model and FY	RY	stage†	cvit†	Δrvit†	ntopj†
All RCs included in the analysis
DC5 (2013–14)	+1, +2	0.292	0.473	0.100	0.113	161,660	0.3735
DC5 (2008–09)	-3, -4	0.235	0.524	0.069	0.015	178,641	0.2694
STS5 (2014–15)	-3, -4	0.185	0.561	0.073	0.059	172,795	0.2706
STS5 (2008–09)	-9, -10	0.236	0.414	0.030	0.069	178,897	0.2070
Analysis limited to RCs with 20 or more papers in the FY
DC5 (2013–14)	+1, +2	0.312	0.540	0.167	0.124	54,347	0.3563
DC5 (2008–09)	-3, -4	0.374	0.481	0.134	0.040	51,849	0.3129
STS5 (2014–15)	-3, -4	0.393	0.583	0.087	0.067	46,137	0.3641
STS5 (2008–09)	-9, -10	0.410	0.624	0.176	0.068	41,081	0.3388

† transforms for all variables are listed in Table 4.