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Table 5 Regression analysis of the trust radius of enterprise N = 218

From: From individual social capital to collective social capital: empirical evidence from inter-firm financing trust network

Independent variable Dependent variable: trust radius of focal firm
Model 7 Model 8 Model 9 Model 10 Model 11 Model 12 Model 13 Model 14
Social relation − .143*** (.041) − .222*** (.072) .089 (.112) .083 (.111) − .131 (.128) .106 (.233) − .011 (.229) .044 (.228)
Social prestige .116*** (.024) .215*** (.042) .118* (.061) .010 (.048) − .038 (.078) − .011 (.126) − .071 (.125) − .056 (.124)
Kinship proximity − .073*** (.027) − .045 (.058) − .079*** (.027) − .064** (.026) − .068** (.027) − .101* (.059) − .093 (.057) − .063 (.059)
Geographic proximity .018 (.031) .017 (.031) .136* (.076) .021 (.031) .018 (.031) .143* (.078) .136* (.076) .125 (.076)
The industrial proximity .076*** (.028) .064** (.028) .075*** (.028) .106 (.076) .074*** (.028) .009 (.084) − .001 (.082) .033 (.082)
Classification homogeneity .041 (.054) .020 (.054) .045 (.053) .021 (.053) − .089 (.122) − .116 (.131) − .152 (.129) − .161 (.129)
Social relation × kinship proximity   .130 (.126)     .169 (.139) .195 (.135) .171 (.135)
Social prestige × kinship proximity   − .188*** (.069)     − .155** (.073) − .155** (.072) − .154** (.071)
Social relation ×geographic proximity    − .350** (.156)    − .376** (.160) − .318** (.157) − .301* (.157)
Social prestige ×geographic proximity    .004 (.085)    − .049 (.087) − .005 (.086) − .000 (.085)
Social relation × industrial proximity     − .362** (.178)   − .229 (.195) − .165 (.190) − .236 (.190)
Social prestige × industrial proximity     .173** (.072)   .216*** (.079) .227*** (.077) .212*** (.077)
Social relation × classification      − .026 (.274) .113 (.307) .154 (.299) .166 (.300)
Social prestige × classification      .351** (.168) .298* (.180) .318* (.178) .296* (.177)
Constants .187*** (.055) .197*** (.056) .107 (.074) .176*** (.065) .259*** (.077) .184 (.112) .202* (.109) .243** (.111)
Grouping endogeneity        Controlled  
Category endogeneity Control Control Control Control Control    Control
Adjusted R2 .479 .497 .488 .504 .485 .503 .534 .531
F 17.644*** 16.307*** 15.747*** 16.720*** 15.613*** 13.188*** 10.956*** 13.263***
  1. *p < 0.1; **p < 0.05; ***p < 0.01. Standard errors are in brackets. In model 7, model 8, model 9, model 10, model 11, and model 14, two dummy variables for controlling endogeneity are statistically significant. In model 13, four in seven group dummy variables have significant regression coefficients