Table 6
Regression Analyses
Dependent Variables = Growth in Net Sales & Growth in Employees

Growth in Net Sales

Growth in Employees

$

t

$

t

Risk Factors (all dichotomous variables)

Employee Growth Risk Factors

Dependence on employees

.09

1.70

+

.04

.72

Managerial inexperience

-.03

-.62

.05

.90

Limited underwriter experience

.03

.56

.06

1.12

Competitive labor market

.05

1.03

.04

.75

Sales Growth Risk Factors

Competitive risk

-.02

-.43

.02

.38

Customer dependence

.03

.56

.002

.04

New product or service

-.03

-.50

-.004

-.08

Product dependence

.08

1.68

+

-.10

-1.86

+

Losing patent / not getting patent

-.04

-.55

-.06

-.91

Seasonal business

-.11

-2.15

*

-.04

-.81

Supplier dependence

.13

2.32

*

.13

2.30

*

Technological change / obsolescence

.03

.54

.04

.63

Additional Risk Factors

Legal proceedings

-.07

-1.41

-.06

-1.19

Limited operating history

.26

5.09

***

.15

2.96

**

R²

.19

.12

F

3.88

***

2.25

***