[Retracted] Evaluation Model and Decision Analysis of Digital Firms Ranked in Forbes’ Top Companies

Table 6

Impulse response estimate of the effect of financial crises on efficiency scores.

Year after the 2001 crisis	Stage 1	Stage 2	Year after the 2007 crisis	Stage 1	Stage 2
1	0.0076	0.0402	1	0.0086	0.0375
2	−0.002	0.0171	2	−0.0014	0.0068
3	−0.0037	0.0182	3	0.0013	0.0029
4	−0.0008	0.0114	4	−0.0015	−0.0060
5	−0.0005	0.0066	5	−0.0003	−0.0113
6	−0.0003	0.0016	6	−0.0009	−0.0151
7	−0.0002	−0.0019	7	−0.0004	−0.0175
8	0.0001	−0.0047	8	−0.0007	−0.0188
9	−0.0001	−0.0067	9	−0.0005	−0.0192
10	2.23E − 05	−0.0082	10	−0.0006	−0.0188

Note: , , and are for 1%, 5%, and 10% confidence levels, respectively.