Research Article
The Relationship between Extent of Internationalization and Firm Performance (Taiwan 1992–2017)
Table 15
Median Tobin’s Q sample panel data analysis.
| | Variable | Fixed effect | Fixed effect | Fixed effect |
| | FS | −0.000260 (0.0003) | −0.000141 (0.0001) | −0.000053 (0.0000) | | FS2 | 0.0000039 (0.0000) | 0.0000009 (0.0000) | | | FS3 | −0.00000002 (0.0000) | | | | SC | 0.0052 (0.0008) | 0.0052 (0.0008) | 0.0052 (0.0007) | | LA | −0.000017 (0.0000) | −0.000017 (0.0000) | −0.000017 (0.0000) | | DA | −0.0002 (0.0000) | −0.0002 (0.0000) | −0.0002 (0.0000) | | AG | −0.0003 (0.0001) | −0.0003 (0.0001) | −0.0003 (0.0001) | | BS | 0.0028 (0.0003) | 0.0028 (0.0003) | 0.0028 (0.0003) | | OB | 0.0004 (0.0001) | 0.0004 (0.0001) | 0.0004 (0.0001) | | BP | −0.0015 (0.0032) | −0.0015 (0.0032) | −0.0016 (0.0032) | | PL | −0.000029 (0.0001) | −0.000029 (0.0001) | −0.000029 (0.0001) | | RD | 0.0003 (0.0001) | 0.0003 (0.0001) | 0.0003 (0.0001) | | MT | −0.000016 (0.0001) | −0.000009 (0.0001) | 0.000003 (0.0001) | | ME | 0.0003 (0.0001) | 0.0003 (0.0001) | 0.0003 (0.0001) | | C | 0.7978 (0.0107) | 0.7971 (0.0106) | 0.7953 (0.0104) | | Hausman test | 31.2086 | 30.0427 | 23.6662 | | 14 | 13 | 12 | | 0.0052 | 0.0046 | 0.0226 |
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