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Corporate Life Cycle And Financial Performance In Terms Of Emerging Markets

Table 5: Summary of results of post hoc tests (main and simple main effects) for CYCLE factor

Variable ROA LEV SIZE AGE
significant difference (post hoc tests) the Czech Republic Slovakia the Czech Republic Slovakia
introduction - growth H1 H1 H1 H0 H1 H1
introduction - mature H0 H0 H1 H0 H0 H1
introduction - shake-out H1 H1 H1 H0 H0 H1
introduction - decline H0 H0 H0 H0 H1 H0
growth - mature H1 H1 H1 H0 H1 H0
growth - shake-out H1 H1 H1 H1 H1 H0
growth - decline H1 H1 H1 H1 H1 H1
mature - shake-out H1 H0 H0 H1 H0 H0
mature - decline H1 H0 H1 H1 H1 H1
shake-out - decline H1 H0 H1 H0 H1 H0
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