Nonlinear Characteristics of the Effect of Manufacturing Servitization on Consumer Business Performance

Table 3

The relationship between service and performance of consumer manufacturing enterprises, by industry (clothing, electrical appliances, and beverage).

Models	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7	Model 8	Model 9	Model 10
Industries	Clothing manufacturing				Electrical appliance manufacturing				Beverage and wine manufacturing
Variables	RPE	RPE	ROA	ROA	RPE	RPE	ROA	ROA	RPE	RPE
SED	0.041	0.254	−0.027	-−0.018	0.072	0.131	−0.055	−0.022	0.256	0.048
	(0.010)	(0.049)	(0.013)	(0.041)	(0.012)	(0.057)	(0.009)	(0.068)	(0.076)	(0.094)
SED^2		−0.015		0.042		−0.009		0.073		0.009
		(0.004)		(0.118)		(0.005)		(0.318)		(0.008)
LES	0.017	0.017	0.011	0.011	0.006	0.007	0.009	0.008	0.007	0.007
	(0.003)	(0.003)	(0.000)	(0.000)	(0.001)	(0.001)	(0.002)	(0.002)	(0.002)	(0.002)
DMM	0.160	0.193	0.473	0.471	0.620	0.611	0.321	0.318	0.511	0.504
	(0.024)	(0.025)	(0.032)	(0.033)	(0.093)	(0.093)	(0.027)	(0.027)	(0.076)	(0.077)
EDS	0.012	0.009	0.010	0.021	0.058	0.083	0.021	0.016	0.011	0.014
	(0.006)	(0.022)	(0.007)	(0.003)	(0.022)	(0.018)	(0.018)	(0.006)	(0.010)	(0.033)
CONS	0.900	0.844	0.528	0.636	0.779	0.363	1.174	1.168	0.595	0.814
	(0.108)	(0.126)	(0.081)	(0.093)	(0.142)	(0.149)	(0.024)	(0.021)	(0.147)	(0.095)
Individual effect	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control
Time effect	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control
Adjusted R^2	0.291	0.298	0.610	0.608	0.324	0.290	0.273	0.277	0.290	0.290

Notes: . . .