Table 5 Impact of women leadership on innovation index.
From: Leadher: role of women leadership in shaping corporate innovation
Ordered Probit Regression Models | ||||
|---|---|---|---|---|
Unit of Observation: Firm-Year | ||||
Dependent Variable: Innovation Index | ||||
Coefficients | Coefficients | Coefficients | Coefficients | |
Independent Variables: | ||||
Female Top Manager | 0.155*** | |||
(6.99) | ||||
Female Manager*Experience | 0.006*** | |||
(5.31) | ||||
Female Owner | 0.183*** | |||
(10.05) | ||||
Female Owner and Manager | 0.133*** | |||
(5.17) | ||||
Control Variables: | ||||
Firm Size (Medium) | 0.126*** | 0.125*** | 0.128*** | 0.127*** |
(7.05) | (6.97) | (7.12) | (7.10) | |
Firm Size (Large) | 0.287*** | 0.288*** | 0.292*** | 0.291*** |
(13.05) | (13.07) | (13.23) | (13.21) | |
Legal Status (Partnership) | 0.009 | 0.008 | −0.021 | 0.007 |
(0.38) | (0.33) | (−0.89) | (0.29) | |
Legal Status (Company) | 0.320*** | 0.319*** | 0.280*** | 0.320*** |
(16.52) | (16.50) | (14.07) | (16.51) | |
Ownership (Foreign) | 0.274*** | 0.275*** | 0.293*** | 0.277*** |
(6.75) | (6.78) | (7.21) | (6.81) | |
Ownership (Government) | 0.160*** | 0.163*** | 0.154*** | 0.159*** |
(4.49) | (4.60) | (4.32) | (4.48) | |
Firm Age | 0.001 | 0.001 | 0.001 | 0.001 |
(0.44) | (0.89) | (1.05) | (0.59) | |
Year Control | Yes | Yes | Yes | Yes |
Total Observations | 23,340 | 23,340 | 23,340 | 23,340 |
L.R. Chi-Square | 3166.41 | 3145.76 | 3218.52 | 3144.29 |
Prob. > Chi-Square | 0.000 | 0.000 | 0.000 | 0.000 |
Pseudo R-Square | 0.064 | 0.064 | 0.065 | 0.064 |
Likelihood (Log) | −23107.96 | −23118.29 | −23081.91 | −23119.03 |
Hausman Statistics | 0.98 | 1.37 | 2.22 | 1.78 |
P-Value | 0.175 | 0.147 | 0.119 | 0.183 |
