Table 8.
The effect of manufacturer’s servitization strategy on enterprise performance.
| Financial performance | Market performance | ||
|---|---|---|---|
| Constant | – | 5.056*** (4.960) | 1.835 (1.863) |
| Independent variables | Servitization | −0.235*** (−3.712) | 0.653*** (10.650) |
| Control variables | Firm age | 0.045 (0.383) | −0.109 (−0.968) |
| Firm size | 0.072 (0.717) | 0.172 (1.784) | |
| Nature of enterprise 1 | −0.733 (−0.689) | −0.588 (−0.572) | |
| Nature of enterprise 2 | −0.808 (−0.818) | −0.427 (−0.448) | |
| Nature of enterprise 3 | −0.693 (−0.705) | −0.646 (−0.680) | |
| Nature of enterprise 4 | −0.794 (−0.803) | −0.458 (−0.480) | |
| R 2 | 0.050 | 0.288 | |
| Adjusted R2 | 0.028 | 0.272 | |
| R2 change | – | – | |
| F-statistic | 2.302 | 17.58 | |
*** means p < 0.001. The variables are displayed as coefficient (T value).