The Relationship between Extent of Internationalization and Firm Performance (Taiwan 1992–2017)

Table 17

Low Tobin’s Q sample panel data analysis.

	Fixed effect	Fixed effect
FS	0.0004 (0.0004)	0.0008 (0.0001)
FS^2	0.0000028 (0.0000)	−0.0000075 (0.0000)
FS^3	−0.00000007 (0.0000)
SC	−0.0010 (0.0011)	−0.0011 (0.0011)
LA	0.000015 (0.0000)	0.000015 (0.0000)
DA	−0.0005 (0.0001)	−0.0005 (0.0001)
AG	0.0003 (0.0001)	0.0003 (0.0001)
BS	0.0001 (0.0004)	0.0002 (0.0004)
OB	−0.0004 (0.0001)	−0.0004 (0.0001)
BP	−0.0053 (0.0046)	−0.0052 (0.0046)
PL	0.0001 (0.0001)	0.0001 (0.0001)
RD	0.0002 (0.0002)	0.0002 (0.0002)
MT	−0.00001 (0.0002)	0.00001 (0.0002)
ME	0.00003 (0.0002)	0.00003 (0.0002)
C	0.6344 (0.0156)	0.6325 (0.0155)
Hausman test	34.9369	34.8362
	14.0000	13.0000
	0.0015	0.0009