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

Table 4

Relationship between service and performance of consumer manufacturing enterprises, by industry (beverage, automobile, and medicine).

Models	Model 11	Model 12	Model 13	Model 14	Model 15	Model 16	Model 17	Model 18	Model 19	Model 20
Industries	Beverage and wine manufacturing		Automobile manufacturing				Medical and pharmaceutical manufacturing
Variables	ROA	ROA	RPE	RPE	ROA	ROA	RPE	RPE	ROA	ROA
SED	−0.032	−0.153	0.058	0.551	−0.004	−0.124	0.026	0.019	−0.033	0.009
	(0.016)	(0.029)	(0.042)	(0.186)	(0.000)	(0.045)	(0.074)	(0.008)	(0.023)	(0.027)
SED^2		0.012		−0.037		0.009		−0.002		−0.084
		(0.006)		(0.009)		(0.003)		(0.004)		(0.218)
LES	0.013	0.013	0.010	0.010	0.014	0.018	0.002	0.002	0.057	0.049
	(0.005)	(0.005)	(0.007)	(0.007)	(0.011)	(0.016)	(0.001)	(0.001)	(0.023)	(0.031)
DMM	0.401	0.399	0.668	0.557	0.188	0.169	0.644	0.743	0.754	0.754
	(0.034)	(0.027)	(0.137)	(0.140)	(0.032)	(0.033)	(0.048)	(0.048)	(0.053)	(0.053)
EDS	0.001	0.004	0.044	0.042	0.188	0.013	0.009	0.009	0.047	0.071
	(0.034)	(0.046)	(0.012)	(0.010)	(0.029)	(0.010)	(0.006)	(0.006)	(0.009)	(0.013)
CONS	1.021	1.147	0.782	1.538	0.473	0.223	1.135	1.073	0.128	0.197
	(0.103)	(0.084)	(0.092)	(0.121)	(0.029)	(0.146)	(0.037)	(0.124)	(0.012)	(0.039)
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	0.640	0.647	0.331	0.363	0.200	0.228	0.235	0.230	0.358	0.374

Notes: . . .