Assessing drivers of export orientation in the subsea oil and gas industry

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Table 2 Ordinary least squares regressions

	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	β coef.	Model 7	β coef.
Intercept	1.618*** (0.297)	2.715*** (0.462)	1.419*** (0.312)	2.444*** (0.462)	2.384*** (0.480)	3.238*** (0.578)		2.148*** (0.420)
Firm size	0.138 (0.087)	0.117 (0.083)	0.165^† (0.088)	0.158^† (0.083)	0.084 (0.090)	0.109 (0.083)	0.148	0.166* (0.081)	0.228
Innovation		0.813** (0.254)		0.817** (0.252)		0.886*** (0.251)	0.389	0.829** (0.240)	0.395
Majority international ownership			0.868* (0.354)	0.923** (0.323)		0.983** (0.309)	0.342	1.397*** (0.294)	0.534
Subcontractors					−0.756* (0.359)	−0.773* (309)	−0.349
Other firms					−0.538 (0.443)	−0.236 (0.408)	−0.082	0.557^† (0.288)	0.222
R-square	0.035	0.174	0.112	0.264	0.097	0.351		0.417
Adj. R-square	0.021	0.148	0.085	0.227	0.056	0.296		0.369
F value	2.49	6.72**	4.09*	7.28***	2.36^†	6.38***		8.75***
N	70	67	68	65	70	65		54

Regression estimates with standard error in parentheses. Dependent variable: subsea export.
^†p < 0.10, * p < 0.05, ** p < 0.01, *** p < 0.001, two-tailed tests.