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Table 2 Bivariate Probit Analysis: The Effects of Technology-Exploration on the Degree of Novelty

From: The effect of technology-exploration on product innovation: an analysis based on Korean manufacturing SMEs

  Model
Low High
Explanatory variable
 CI 1.52*** 0.351***
 OUTRD −0.023 0.493*
 EXNT 0.0018 −0.33
 INIPLI −0.049 −0.0035
Control variable
 R&D intensity 0.010 0.135***
 Sizes −0.092* −0.060*
 GLOB 0.0077 −0.0087
 Intercept 0.69 −1.28
LR 2 ~ χ 2: ρ = 0 27.25***
Wald test of full model: 802.3***
Log pseudo-likelihood −600.427
Number of observations (period) 1044 (2005 ~ 2007)
  1. *ρ < 0.10, **ρ < 0.05, ***ρ < 0.01