Table 7 Regression results of moderating effect of inclusive culture.

Variables	SPD moderation		CM moderation		LUA moderation
Variables	Model 14	Model 15	Model 16	Model 17	Model 18	Model 19
Size	0.015	− 0.016	0.016	− 0.032	0.025	− 0.035
Age	− 0.016	− 0.007	− 0.016	− 0.007	− 0.015	− 0.012
SA	− 0.160*	− 0.163*	− 0.159*	− 0.180*	− 0.147	− 0.186*
Owneiship	0.003	0.010	0.002	0.013	0.013	0.022
KV	0.139***		0.154***		0.155***
Inclu	0.023	− 0.501**	− 0.016	− 0.015	0.006	− 0.033
KV* Inclu	0.035		0.029		0.028
KS		0.684***		0.341*		0.370**
KS2		1.078*		− 0.184**		− 0.243**
KS*Inclu		− 0.470**		0.03		0.072**
KS2*Inclu		− 1.250*		− 0.024		− 0.137**
Constant	0.024	0.424*	0.04	0.021	0.034	0.005
Ind/Year FE	YES	YES	YES	YES	YES	YES
Adj.R2	0.022	0.016	0.022	0.015	0.022	0.019
F	4.014	3.42	3.785	3.398	3.795	3.407

*Significant at the 10% level, **Significant at the 5% level, ***Significant at the 1% level. Inclu = Inclusive culture, in different models, Inclu is represented by SPD, CM, or LUA.

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