Table 5.
Estimation results of ordinal logit model and logit model with interactions between firm size and Measure.
| Variable | Ordinal logit model | Logit model | ||
|---|---|---|---|---|
| Eco-Friendly-SME | −0.4446 | *** | −0.1007 | ** |
| [0.1659] | [0.0404] | |||
| Conventional-SME | −0.2523 | −0.0531 | ||
| [0.1740] | [0.0369] | |||
| Eco-Friendly-Large | −0.2859 | * | −0.0532 | |
| [0.1664] | [0.0356] | |||
| Sales | −0.1121 | *** | −0.0234 | *** |
| [0.0216] | [0.0053] | |||
| Labor | 0.0129 | −0.001 | ||
| [0.1345] | [0.0327] | |||
| Credit-Constrained | 0.1781 | * | 0.0179 | |
| [0.0971] | [0.0243] | |||
| Age | 0.0963 | ** | 0.0254 | ** |
| [0.0427] | [0.0108] | |||
| Cases | 0.0007 | * | 0.0001 | |
| [0.0004] | [0.0001] | |||
| Location-Small | −0.1974 | * | −0.0439 | * |
| [0.1164] | [0.0273] | |||
| Location-Medium | 0.0445 | −0.016 | ||
| [0.1156] | [0.0265] | |||
| Location-Large | −0.0681 | −0.0318 | ||
| [0.1302] | [0.0287] | |||
| No impact | Minor | −2.4942 | *** | ||
| [0.4306] | ||||
| Minor | Moderate | −1.1233 | *** | ||
| [0.4296] | ||||
| Moderate | Severe | 0.1528 | |||
| [0.4299] | ||||
| Country effects | Yes | Yes | ||
| Sector effects | Yes | Yes | ||
| Pseudo R2 | 0.0559 | 0.0751 | ||
| Observations | 4,888 | 4,888 | ||
Notes: *** p < 0.01, ** p < 0.05, and * p < 0.1. Standard errors are in brackets.