Table 4 Generalized method of moments estimates with instrumental variables
From: Assessing drivers of export orientation in the subsea oil and gas industry
| Â | Model 1 | Model 2 |
|---|---|---|
Intercept | 3.671*** (0.561) | 1.640*** (0.145) |
Innovation | 1.269** (0.423) | Â |
Majority international ownership | Â | 1.846** (0.583) |
Wald Chi square | 8.99** | 10.03** |
First-stage regression partial R-square | 0.336 | 0.376 |
F value | 15.24*** | 11.84*** |
Hansen’s J Chi square (p value in parentheses) | 0.603 (0.438) | 0.045 (0.831) |
N | 67 | 57 |