TABLE 1
CORRELATION MATIX - MODEL 1

 

  mean s.d. 1 2 3 4 5 6 7 8 9 10 11
1. DAY 95209 77189 1.00                    
2. EDUCAT .48 .20 .11 1.00                  
3. TMTCOMP .61 .23 .21* -.08 1.00                
4. HOT .79 .41 .32*** -.04 .08 1.00              
5. R&D .60 .23 .40*** .41*** .04 .10 1.00            
6. CITATION 139.37 196.91 .21* .19* -.04 .09 .22* 1.00          
7. ASSET 10323397 10069583 .55*** .11 .28** .03 .25** .15 1.00        
8. PRODS 3.30 4.26 .30** .16 .17 .02 .35*** .11 .08 1.00      
9. EXP .70 .22 -.01 -.14 .16 -.03 -.01 -.00 -.04 .05 1.00    
10. PATENT 3.30 4.85 .02 -.06 .15 .06 .09 -.00 -.07 .41*** .05 1.00  
11. CONTRAC 4.97 4.15 .16 .17 .12 .02 .35*** .50*** .15 .08 .03 -.04 1.00

p<.10. *p<.05. **p<.01. ***p<.001.

 

TABLE 2
CORRELATION MATIX - MODEL 2

  mean s.d. 1 2 3 4 5 6 7 8 9 10 11
1. WEEK 92888 76594 1.00                    
2. EDUCAT .48 .20 .12 1.00                  
3. TMTCOMP .61 .23 .22* -.08 1.00                
4. HOT .79 .41 .30** -.04 .08 1.00              
5. R&D .60 .23 .40*** .41*** .04 .10 1.00            
6. CITATION 139.37 196.91 .21* .19* -.04 .09 .22* 1.00          
7. ASSET 10323397 10069583 .55*** .11 .28** .03 .25** .15 1.00        
8. PRODS 3.30 4.26 .29** .16 .17 .02 .35*** .11 .08 1.00      
9. EXP .70 .22 -.03 -.14 .16 -.03 -.01 -.00 -.04 .05 1.00    
10. PATENT 3.30 4.85 -.01 -.06 .15 .06 .09 -.00 -.07 .41*** .05 1.00  
11. CONTRAC 4.97 4.15 .15 .17 .12 .02 .35*** .50*** .15 .08 .03 -.04 1.00

p<.10. *p<.05. **p<.01. ***p<.001.

 

TABLE 3
CORRELATION MATIX - MODEL 3

 

  mean s.d. 1 2 3 4 5 6 7 8 9 10 11
1. MONTH 93458 70134 1.00                    
2. EDUCAT .48 .20 .17 1.00                  
3. TMTCOMP .61 .23 .30** -.08 1.00                
4. HOT .79 .41 .33*** -.04 .08 1.00              
5. R&D .60 .23 .40*** .41*** .04 .10 1.00            
6. CITATION 139.37 196.91 .18* .19* -.04 .09 .22* 1.00          
7. ASSET 10323397 10069583 .52*** .11 .28** .03 .25** .15 1.00        
8. PRODS 3.30 4.26 .31*** .16 .17 .02 .35*** .11 .08 1.00      
9. EXP .70 .22 -.04 -.14 .16 -.03 -.01 -.00 -.04 .05 1.00    
10. PATENT 3.30 4.85 -.03 -.06 .15 .06 .09 -.00 -.07 .41*** .05 1.00  
11. CONTRAC 4.97 4.15 .13 .17 .12 .02 .35*** .50*** .15 .08 .03 -.04 1.00

p<.10. *p<.05. **p<.01. ***p<.001.

 

TABLE 4
REGRESSION RESULTS

    Dependent Variables  
Independent Variables Day Week Month
EDUCAT -.06 -.05 .02
TMTCOMP .03 .05 .17
HOT .27** .26** .29***
R&D .21* .22* .20*
CITATION .08 .09 .07
ASSET .46*** .46*** .39***
PRODS .23* .21* .24*
EXP .01 -.02 -.04
PATENT -.09 -.11 -.16
CONTRAC -.04 -.07 -.08
Adj. R2 .43 .42 .45
F-statistic 7.85*** 7.61*** 8.30***
N 91 91 91

p<.10. *p<.05. **p<.01. ***p<.001.

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