Table 5.
Regression analysis of institutional pressure on servitization strategy of manufacturers.
| Manufacturer servitization strategy | |||||
|---|---|---|---|---|---|
| Model 1 | Model 2 | Model 3 | Model 4 | ||
| Constant | 3.330*** (3.649) | 2.737** (3.006) | 2.545** (2.867) | 3.118*** (3.500) | |
| Independent variables | Normative pressure | – | 0.169*** (3.580) | – | – |
| Mimetic pressure | – | – | 0.225*** (5.244) | – | |
| Coercive pressure | – | – | – | 0.182*** (4.125) | |
| Control variables | Firm age | 0.390*** (3.651) | 0.326** (3.070) | 0.335** (3.251) | 0.338** (3.223) |
| Firm size | −0.213* (−2.375) | −0.193* (−2.181) | −0.214* (−2.482) | −0.218* (−2.491) | |
| Environmental dynamics | 0.055 (0.250) | 0.074 (0.345) | 0.065 (0.310) | 0.059 (0.277) | |
| Competition intensity | −0.051 (−0.246) | −0.047 (−0.229) | 0.001 (0.006) | −0.044 (−0.216) | |
| Nature of Company 1 | −0.035 (−0.036) | 0.023 (0.025) | 0.175 (0.189) | −0.490 (−0.291) | |
| Nature of Company 2 | −0.203 (−0.227) | −0.119 (−0.135) | −0.135 (−0.157) | −0.637 (−0.577) | |
| Nature of Company 3 | −0.181 (−0.204) | −0.111 (−0.127) | −0.084 (−0.098) | 0.059 (−0.562) | |
| Nature of Company 4 | −0.331 (−0.370) | −0.243 (−0.276) | −0.262 (−0.305) | −0.044 (−0.727) | |
| R 2 | 0.049 | 0.088 | 0.129 | 0.100 | |
| Adjusted R2 | 0.024 | 0.061 | 0.103 | 0.073 | |
| R2 change | – | 0.039 | 0.080 | 0.051 | |
| F-statistic | 1.966 | 3.240 | 4.955 | 3.73 | |
*** means p < 0.001, ** means p < 0.01, * means p < 0.05. The variables are displayed as coefficient (T value).