Mo Tran Thi; Ha Hoang Thi Thu; Diep Nguyen Thi Thanh - In: Cogent business & management 10 (2023) 2, pp. 1-19
: traditional multiple regression and multilevel model (also called hierarchical, mixed, or nested data model). The purpose of … employing the multilevel model is to observe the hierarchical structure of data and the effect of each data level in the … under the moderation of industry leverage. In this case, the multilevel model is a more appropriate estimation method than …