RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

Development expenditures towards firm’s turnover and firm’s market valuation… 329
Table 3: Regression model equations (Model 1)
TURN
MVALUE
β t Sig. VIF β t Sig. VIF
Intercept 3.188 2.227 0.030 ** -72.594 -2.525 0.014 **
DEVEXP 0.050 1.086 0.282 1.827 0.337 0.361 0.719 1.827
OTHINT 0.179 2.884 0.005 *** 2.340 -3.032 -2.433 0.018 ** 2.340
BOARD 0.025 0.802 0.426 1.610 -1.377 -2.170 0.034 ** 1.610
LEV 0.871 1.714 0.092 * 1.033 -16.940 -1.660 0.102 1.033
SIZE 0.571 7.016 0.000 *** 2.309 6.768 4.143 0.000 *** 2.309
COUNT 0.390 1.544 0.128 1.181 8.761 1.727 0.089 * 1.181
SEC -0.063 -1.193 0.238 1.296 0.869 0.822 0.414 1.296
*** p