Table 2 Main and moderating effects between crisis shocks and strategic change.

From: Crisis shocks, executive confidence and strategic change: a study based on US Entity List sanctions

Variable

(1)

(2)

Change

Change

Crisis

0.113**

0.181**

(0.047)

(0.086)

Crisis2

−0.068*

−0.333***

(0.039)

(0.113)

Confidence×Crisis

 

−1.757

 

(2.414)

Confidence×Crisis2

 

5.821**

 

(2.680)

Confidence

 

0.199

 

(0.677)

Controls

Yes

Yes

Constant

-0.007

0.165

(1.183)

(1.225)

Observations

606

603

R-squared

0.062

0.077

Ind fix

Yes

Yes

Year fix

Yes

Yes

ID fix

Yes

Yes

  1. Standard errors in parentheses are clustered at the individual level. ***p < 0.01, **p < 0.05, and *p < 0.1.
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