Report Prepared for the Women-Owned Small Business Program ...

1152 1153 2111 2121 2122 2123 2131

0.782 0.771*** 0.527 0.340 1.463 0.876 1.124

(0.297) (0.0516) (0.309) (0.486) (1.350) (0.129) (0.225)

0.671 0.856** 1.550 2.154 0.844 0.945 0.495***

(0.268) (0.0571) (0.854) (2.484) (0.754) (0.126) (0.112)

0.249 0.469*** 16.76 2.936 4.076 0.881 0.264**

(0.377) (0.0880) (31.26) (6.823) (8.617) (0.282) (0.144)

0.615 0.888 0.230** 0.782 0.329 0.484*** 1.103

(0.329) (0.0777) (0.163) (1.030) (0.465) (0.0843) (0.275)

1.175 1.405*** 2.945 0.231 0.519 0.462*** 0.442

(1.115) (0.152) (3.745) (0.535) (1.001) (0.104) (0.222)

1.021 0.840 0.148 2.143 1.096 0.811 0.803

(0.902) (0.101) (0.221) (2.448) (1.492) (0.187) (0.279)

0.675 0.712*** 0.458 0.393 1.862 0.480** 0.726

(0.410) (0.0673) (0.433) (0.712) (2.048) (0.138) (0.238)

1.574** 1.089** 1.397 1.066 0.789 1.208*** 1.508***

(0.287) (0.0371) (0.295) (0.635) (0.326) (0.0774) (0.146)

0.765* 0.929*** 1.025 0.945 0.989 0.925* 1.026

(0.121) (0.0206) (0.113) (0.289) (0.276) (0.0404) (0.0523)

1.063 1.003 1.013 1.014 1.112 1.033 1.031

(0.0685) (0.00914) (0.0489) (0.123) (0.153) (0.0231) (0.0356)

2.711** 1.254*** 0.543 0.395 0.529 0.751 1.006

(1.310) (0.103) (0.520) (0.823) (0.916) (0.178) (0.358)

2.364 1.337*** 0.732 3.720 1.908 0.883 0.535*

(1.318) (0.132) (0.520) (4.889) (2.085) (0.185) (0.180)

1.260 1.047 0.464 0.568 0.942 1.228 1.172

(0.627) (0.0834) (0.237) (0.608) (0.884) (0.180) (0.253)

0.737 0.334*** 3.377 1.957 8.436 1.374 3.828***

(0.613) (0.0662) (3.885) (4.240) (11.20) (0.567) (1.913)

0.912 0.458*** 0.500 0.375 0.477 1.077 1.496*

(0.570) (0.0581) (0.402) (0.519) (0.695) (0.228) (0.350)

3.022 0.716 1.145 5.055 4.611 1.480 1.176

(5.791) (0.261) (1.979) (11.05) (10.38) (0.699) (0.626)

0.646 0.274*** 0.0798 2.867 0.946 1.187 1.148

(1.037) (0.0999) (0.137) (3.841) (1.762) (0.537) (0.390)

0.479 0.331*** 0.596 2.371 3.449 0.522 0.542

(0.798) (0.133) (0.863) (4.550) (6.214) (0.355) (0.223)

10.13*** 42.92*** 7.992*** 14.32 2.243 14.03*** 36.75***

(5.547) (5.148) (5.429) (33.31) (2.748) (3.002) (15.37)

3.398* 1.162 9.232*** 1.677 2.192 0.886 2.745***

(2.336) (0.134) (4.104) (2.686) (3.857) (0.186) (0.631)

2.438* 1.186* 3.246* 6.299* 2.757 1.275 1.657**

(1.256) (0.111) (2.125) (6.314) (3.081) (0.215) (0.352)

0.762 1.163*** 0.531 0.752 1.552 0.750 2.485***

(0.466) (0.0632) (0.293) (1.421) (2.381) (0.179) (0.643)

0.00431*** 0.0214*** 0.0286*** 0.00818 0.0105* 0.0137*** 0.000294***

(0.00484) (0.00342) (0.0317) (0.0241) (0.0252) (0.00576) (0.000201)

576 8,103 414 150 209 3,698 3,686

B-2

NAICS Code 2211 2212 2213 2361 2362

Woman-owned 0.846 0.660 0.705*** 0.571*** 0.883**

(0.189) (0.274) (0.0899) (0.0556) (0.0479)

SDB not 8(a) 0.704* 0.413** 0.823* 0.927 0.999

(0.149) (0.186) (0.0971) (0.0726) (0.0563)

8(a) certified 1.045 0.201 1.170 1.143 5.132***

(0.440) (0.300) (0.287) (0.200) (0.376)

Minority-owned 0.526** 0.391* 0.513*** 0.374*** 0.738***

(0.134) (0.196) (0.0788) (0.0351) (0.0426)

HubZone certified 0.673 0.789 0.443*** 0.545*** 1.274***

(0.318) (0.621) (0.120) (0.119) (0.0950)

Service-disabled veteran 0.787 0.0554** 0.949 0.559*** 1.758***

(0.228) (0.0799) (0.158) (0.0694) (0.101)

Other veteran 0.866 0.145 0.931 0.908 0.734***

(0.269) (0.208) (0.160) (0.108) (0.0702)

log age 1.661*** 1.133 1.291*** 0.882*** 0.946**

(0.137) (0.120) (0.0709) (0.0353) (0.0260)

log employees 0.850*** 0.951 0.933** 0.857*** 0.946***

(0.0395) (0.0624) (0.0284) (0.0262) (0.0155)

log sales revenue 1.136*** 1.020 1.030 1.029** 1.043***

(0.0436) (0.0366) (0.0190) (0.0124) (0.00881)

Sole proprietor 2.393*** 0.193 0.917 2.484*** 1.156

Omitted: other forms of organization (0.800) (0.282) (0.164) (0.297) (0.108)

Partnership 1.925** 1.316 0.865 1.657*** 1.063

(0.566) (0.611) (0.149) (0.214) (0.0796)

Corporation for profit 1.801** 0.983 0.838 1.753*** 1.167***

(0.419) (0.307) (0.0987) (0.193) (0.0653)

Corporation, nonprofit 1.235 1.689 1.346 1.046 0.568**

(0.418) (0.848) (0.278) (0.304) (0.159)

Government non-classified 0.990 0.254 0.867 0.623*** 1.185***

(omitted: no security clearance repor (0.224) (0.221) (0.147) (0.0912) (0.0703)

Government confidential 0.719 0.955 1.875** 0.666 1.538***

(0.373) (1.027) (0.576) (0.292) (0.207)

Government secret 1.405 0.107 0.781 0.812 0.765***

(0.470) (0.157) (0.247) (0.250) (0.0784)

Government top-secret 0.614* 0.695 0.642 0.477* 0.746***

(0.178) (0.727) (0.196) (0.192) (0.0751)

Share of FY 2013-2014 in sample 10.51*** 4.485*** 10.10*** 13.62*** 37.70***

(3.482) (1.688) (1.753) (1.623) (4.646)

Lower past performance rating 3.131*** 4.555*** 1.554*** 0.729 2.944***

(0.572) (1.098) (0.240) (0.143) (0.175)

Higher past performance rating 1.957*** 2.034** 1.185 0.872 3.537***

(0.380) (0.601) (0.166) (0.141) (0.188)

Small (SBA definition) 2.470*** 0.577* 1.217 1.711*** 1.767***

(0.402) (0.175) (0.162) (0.337) (0.163)

Constant 0.000147*** 0.0453*** 0.00634*** 0.00485*** 0.00104***

(8.81e-05) (0.0321) (0.00206) (0.00131) (0.000194)

Observations 6,276 1,259 8,641 26,691 38,890 2

standard errors in parentheses (*** p

2371 2372 2373 2379 2381 2382 2383

0.791*** 1.370 0.791*** 0.660*** 0.715*** 0.729*** 0.712***

(0.0637) (1.110) (0.0682) (0.0632) (0.0517) (0.0300) (0.0470)

1.108 2.521 0.784*** 1.030 1.114 0.936* 0.954

(0.0884) (2.052) (0.0695) (0.101) (0.0794) (0.0367) (0.0639)

4.746*** 3.020 2.876*** 4.364*** 5.053*** 3.212*** 3.115***

(0.542) (5.703) (0.351) (0.573) (0.511) (0.214) (0.310)

0.427*** 0.483 0.493*** 0.417*** 0.481*** 0.480*** 0.459***

(0.0401) (0.478) (0.0492) (0.0459) (0.0387) (0.0228) (0.0347)

1.212* 1.150 1.658*** 1.550*** 1.041 0.865* 1.117

(0.124) (1.862) (0.149) (0.151) (0.105) (0.0700) (0.118)

0.921 0.330 0.753** 0.605*** 0.932 0.852*** 0.826**

(0.0917) (0.711) (0.0838) (0.0738) (0.0819) (0.0462) (0.0712)

0.869 0.813 0.788 0.799 0.649*** 0.900* 0.701***

(0.108) (1.191) (0.117) (0.127) (0.0816) (0.0488) (0.0784)

1.180*** 1.681 1.155*** 1.227*** 1.035 1.164*** 1.130***

(0.0469) (0.855) (0.0513) (0.0592) (0.0385) (0.0230) (0.0400)

0.928*** 1.088 0.881*** 0.842*** 0.990 1.022* 0.990

(0.0228) (0.321) (0.0244) (0.0220) (0.0244) (0.0120) (0.0229)

1.020 0.958 1.013 0.999 1.022* 1.026*** 1.036***

(0.0135) (0.111) (0.0143) (0.0146) (0.0119) (0.00681) (0.0121)

1.299** 9.751 1.833*** 1.621*** 1.611*** 1.064 1.474***

(0.163) (16.10) (0.228) (0.233) (0.176) (0.0715) (0.146)

0.769** 64.51*** 1.098 1.137 1.127 1.011 1.206*

(0.0935) (80.36) (0.135) (0.150) (0.125) (0.0618) (0.125)

1.000 36.16** 1.031 1.139 1.316*** 1.116** 1.182**

(0.0796) (52.19) (0.0896) (0.107) (0.105) (0.0482) (0.0896)

2.268*** 13.62 0.483 1.507 0.713 1.227* 1.333

(0.503) (23.30) (0.239) (0.497) (0.277) (0.149) (0.321)

1.067 1.098 0.852 0.896 0.850* 1.158*** 1.083

(0.0994) (1.668) (0.0966) (0.102) (0.0784) (0.0542) (0.0894)

0.674 6.032 0.988 0.951 1.282 1.186 2.130***

(0.182) (10.19) (0.270) (0.259) (0.260) (0.128) (0.371)

0.793 6.741 0.712 0.649* 0.892 0.992 0.655**

(0.137) (10.20) (0.160) (0.145) (0.156) (0.0782) (0.122)

0.668** 5.651 0.616* 0.252*** 0.817 0.734*** 1.108

(0.123) (12.74) (0.158) (0.0845) (0.181) (0.0604) (0.201)

15.60*** 0.151 31.21*** 23.58*** 14.00*** 21.04*** 18.66***

(2.391) (0.193) (6.108) (5.129) (1.717) (1.394) (2.155)

1.910*** 2.371 2.544*** 3.515*** 1.830*** 1.768*** 1.474***

(0.175) (3.620) (0.235) (0.330) (0.167) (0.100) (0.141)

2.215*** 0.664 3.085*** 3.828*** 2.367*** 1.772*** 1.807***

(0.173) (1.120) (0.246) (0.321) (0.188) (0.0910) (0.151)

1.424*** 0.961 2.061*** 1.069 2.438*** 1.570*** 1.857***

(0.182) (1.175) (0.313) (0.0760) (0.295) (0.0872) (0.216)

0.00221*** 6.34e-05*** 0.00122*** 0.00234*** 0.00162*** 0.00424*** 0.00181***

(0.000578) (0.000168) (0.000375) (0.000659) (0.000378) (0.000531) (0.000407)

26,251 5,600 19,463 18,733 31,589 46,213 28,787

B-3





















NAICS Code 3333 3334 3335 3336 3339

Woman-owned 0.920 0.824** 0.750*** 0.986 0.808***

(0.0701) (0.0779) (0.0792) (0.0995) (0.0453)

SDB not 8(a) 0.686*** 0.619*** 0.609*** 0.643*** 0.728***

(0.0564) (0.0608) (0.0746) (0.0715) (0.0429)

8(a) certified 0.483*** 0.510*** 0.215*** 0.138*** 0.382***

(0.124) (0.127) (0.117) (0.0671) (0.0739)

Minority-owned 0.975 0.698*** 0.887 0.862 0.764***

(0.0907) (0.0798) (0.131) (0.110) (0.0564)

HubZone certified 0.926 0.536** 0.683 0.713 0.636***

(0.211) (0.143) (0.225) (0.204) (0.103)

Service-disabled veteran 0.673*** 0.506*** 0.644** 0.418*** 0.488***

(0.0874) (0.0783) (0.143) (0.0769) (0.0492)

Other veteran 0.949 0.992 0.803 0.994 0.815***

(0.0920) (0.123) (0.111) (0.125) (0.0565)

log age 1.125*** 1.065 0.974 1.016 1.015

(0.0393) (0.0451) (0.0452) (0.0416) (0.0241)

log employees 1.003 0.963 0.902*** 0.952** 0.982

(0.0198) (0.0245) (0.0290) (0.0228) (0.0141)

log sales revenue 1.026** 1.023* 1.073*** 1.008 0.994

(0.0109) (0.0125) (0.0206) (0.0121) (0.00723)

Sole proprietor 1.172 1.166 1.164 1.149 1.246**

Omitted: other forms of organization (0.161) (0.198) (0.217) (0.196) (0.124)

Partnership 1.055 0.830 1.158 0.685** 1.019

(0.130) (0.124) (0.203) (0.111) (0.0890)

Corporation for profit 1.081 0.938 1.301** 0.896 1.150**

(0.0933) (0.0986) (0.151) (0.0964) (0.0677)

Corporation, nonprofit 0.662** 1.369 0.952 1.303 1.100

(0.133) (0.289) (0.225) (0.299) (0.139)

Government non-classified 0.873 1.077 0.850 1.108 0.983

(omitted: no security clearance repor (0.0784) (0.123) (0.107) (0.119) (0.0666)

Government confidential 1.377 1.237 0.804 1.112 1.496***

(0.283) (0.265) (0.208) (0.208) (0.210)

Government secret 0.719*** 1.316 1.160 1.665*** 1.219*

(0.0867) (0.246) (0.276) (0.322) (0.138)

Government top-secret 0.218*** 1.162 1.424 1.414 0.978

(0.0322) (0.277) (0.434) (0.424) (0.157)

Share of FY 2013-2014 in sample 31.17*** 53.45*** 43.88*** 69.81*** 42.20***

(4.466) (9.049) (9.064) (13.15) (4.155)

Lower past performance rating 2.530*** 2.677*** 4.997*** 4.061*** 3.355***

(0.263) (0.351) (0.792) (0.584) (0.270)

Higher past performance rating 2.207*** 2.199*** 4.518*** 3.004*** 2.665***

(0.227) (0.301) (0.796) (0.473) (0.226)

Small (SBA definition) 0.780** 2.184*** 1.567*** 1.714*** 1.504***

(0.0895) (0.291) (0.254) (0.232) (0.117)

Constant 0.0144*** 0.00651*** 0.00239*** 0.0139*** 0.0166***

(0.00334) (0.00179) (0.000884) (0.00396) (0.00269)

Observations 7,681 5,796 6,659 4,657 15,127 8

standard errors in parentheses (*** p

3341 3342 3343 3344 3345 3346 3351

1.066 0.892* 1.093 1.101 0.847*** 0.722** 0.892

(0.0759) (0.0574) (0.114) (0.0704) (0.0423) (0.102) (0.0956)

0.671*** 0.624*** 0.806* 0.632*** 0.734*** 0.765* 0.685***

(0.0523) (0.0431) (0.0904) (0.0437) (0.0379) (0.108) (0.0779)

0.736** 0.748** 1.075 0.417*** 0.379*** 0.822 0.599

(0.110) (0.106) (0.225) (0.0823) (0.0622) (0.254) (0.204)

0.824** 0.783*** 0.623*** 0.839** 0.706*** 0.484*** 0.769**

(0.0650) (0.0581) (0.0748) (0.0617) (0.0426) (0.0732) (0.0970)

1.404* 0.806 1.140 0.551*** 0.589*** 1.007 0.670

(0.256) (0.135) (0.305) (0.105) (0.0961) (0.338) (0.195)

0.550*** 0.522*** 0.652*** 0.687*** 0.519*** 0.865 0.581***

(0.0609) (0.0515) (0.0985) (0.0783) (0.0460) (0.185) (0.0949)

0.719*** 0.930 0.772* 0.913 0.877** 1.061 0.997

(0.0762) (0.0752) (0.111) (0.0750) (0.0541) (0.209) (0.147)

1.013 1.366*** 1.153** 1.280*** 1.137*** 0.874* 1.077

(0.0388) (0.0429) (0.0665) (0.0374) (0.0235) (0.0636) (0.0554)

0.948*** 0.957*** 0.982 1.005 0.973** 1.004 1.055*

(0.0184) (0.0155) (0.0308) (0.0157) (0.0111) (0.0353) (0.0330)

1.077*** 1.029*** 1.073*** 1.011 1.024*** 1.077*** 1.038**

(0.0122) (0.00931) (0.0190) (0.00795) (0.00629) (0.0219) (0.0172)

0.642*** 1.290** 1.223 1.267** 0.909 0.861 1.346

(0.100) (0.152) (0.241) (0.151) (0.0803) (0.225) (0.254)

0.918 1.023 1.133 0.970 0.919 0.922 0.919

(0.111) (0.102) (0.190) (0.105) (0.0686) (0.200) (0.162)

0.953 1.026 1.063 0.908 1.037 1.101 1.165

(0.0816) (0.0735) (0.130) (0.0662) (0.0551) (0.180) (0.147)

0.637** 0.851 0.995 1.261 1.200 0.871 0.891

(0.135) (0.149) (0.308) (0.194) (0.136) (0.342) (0.273)

0.870* 0.970 0.899 0.971 0.718*** 0.709** 0.753**

(0.0694) (0.0653) (0.108) (0.0645) (0.0392) (0.111) (0.105)

0.822 0.995 0.886 1.292* 0.699*** 0.666 0.957

(0.161) (0.155) (0.248) (0.194) (0.0879) (0.225) (0.284)

0.709*** 0.996 0.774 1.100 0.675*** 0.697 0.767

(0.0738) (0.0752) (0.124) (0.0912) (0.0454) (0.155) (0.189)

0.500*** 0.555*** 0.639*** 0.524*** 0.222*** 0.628*** 0.786

(0.0458) (0.0425) (0.102) (0.0543) (0.0166) (0.110) (0.248)

42.08*** 42.87*** 28.56*** 50.06*** 33.51*** 60.20*** 49.19***

(6.697) (5.958) (6.352) (6.455) (2.804) (17.26) (10.97)

2.737*** 2.638*** 2.002*** 3.746*** 3.149*** 3.044*** 2.431***

(0.258) (0.207) (0.284) (0.348) (0.211) (0.534) (0.412)

1.901*** 2.131*** 2.217*** 2.841*** 2.058*** 1.871*** 1.907***

(0.171) (0.159) (0.320) (0.252) (0.125) (0.316) (0.318)

0.573*** 0.875 0.531*** 1.189* 1.085 0.547*** 1.082

(0.0616) (0.0822) (0.0990) (0.107) (0.0718) (0.0958) (0.204)

0.0135*** 0.00665*** 0.0137*** 0.00740*** 0.0185*** 0.0136*** 0.00531***

(0.00320) (0.00137) (0.00496) (0.00142) (0.00247) (0.00556) (0.00190)

8,097 11,289 3,407 11,043 19,674 2,523 3,939

B-9

NAICS Code 3352 3353 3359 3361 3362

Woman-owned 0.833 0.984 0.940 0.802 0.874

(0.163) (0.0797) (0.0593) (0.185) (0.111)

SDB not 8(a) 0.632** 0.656*** 0.680*** 1.060 0.798*

(0.131) (0.0578) (0.0472) (0.230) (0.106)

8(a) certified 0.441 0.227*** 0.443*** 1.012 0.640

(0.253) (0.0564) (0.0739) (0.649) (0.293)

Minority-owned 0.882 0.784** 0.896 0.634* 0.652**

(0.202) (0.0780) (0.0675) (0.174) (0.111)

HubZone certified 1.029 0.577** 0.717* 1.209 0.787

(0.459) (0.128) (0.124) (0.557) (0.225)

Service-disabled veteran 0.779 0.541*** 0.485*** 0.383** 0.616**

(0.212) (0.0725) (0.0518) (0.162) (0.132)

Other veteran 0.790 0.963 0.897 1.224 1.082

(0.217) (0.0986) (0.0756) (0.292) (0.165)

log age 1.199* 1.079** 1.088*** 1.171* 1.073

(0.119) (0.0380) (0.0313) (0.0975) (0.0579)

log employees 0.926 1.014 0.992 0.849*** 0.876***

(0.0540) (0.0206) (0.0163) (0.0466) (0.0304)

log sales revenue 1.066** 1.006 1.028*** 1.113*** 1.052***

(0.0345) (0.0112) (0.00885) (0.0404) (0.0198)

Sole proprietor 1.360 1.700*** 1.375*** 0.647 2.176***

Omitted: other forms of organization (0.489) (0.261) (0.166) (0.245) (0.462)

Partnership 1.338 0.967 1.071 0.780 1.273

(0.436) (0.133) (0.112) (0.222) (0.233)

Corporation for profit 1.125 1.111 1.141* 0.741 1.508***

(0.278) (0.0937) (0.0800) (0.145) (0.199)

Corporation, nonprofit 0.197** 1.116 1.262 0.555 0.583

(0.138) (0.213) (0.202) (0.283) (0.192)

Government non-classified 0.890 1.176* 1.032 0.645* 0.723**

(omitted: no security clearance repor (0.208) (0.105) (0.0719) (0.155) (0.119)

Government confidential 0.910 1.257 0.976 0.584 1.057

(0.560) (0.226) (0.150) (0.333) (0.361)

Government secret 1.330 1.359** 1.133 0.482** 0.554**

(0.735) (0.167) (0.105) (0.147) (0.147)

Government top-secret 0.614 0.769* 0.531*** 0.151*** 0.128***

(0.452) (0.114) (0.0571) (0.0729) (0.0658)

Share of FY 2013-2014 in sample 45.38*** 64.54*** 40.92*** 24.69*** 23.06***

(19.03) (12.24) (5.717) (9.304) (4.684)

Lower past performance rating 2.058*** 3.747*** 3.391*** 2.504*** 1.914***

(0.553) (0.398) (0.299) (0.479) (0.297)

Higher past performance rating 2.933*** 2.693*** 2.428*** 2.213*** 1.619**

(0.899) (0.291) (0.206) (0.530) (0.318)

Small (SBA definition) 0.299*** 2.110*** 1.708*** 0.438*** 0.631**

(0.107) (0.228) (0.157) (0.117) (0.130)

Constant 0.0129*** 0.00418*** 0.00617*** 0.0101*** 0.0224***

(0.00866) (0.00111) (0.00125) (0.00657) (0.00847)

Observations 1,156 7,118 10,474 1,506 2,942 5

standard errors in parentheses (*** p





















4832 4841 4842 4851 4852 4853 4854

0.685 0.738* 0.781** 0.741 0.235 0.680 0.554

(0.278) (0.132) (0.0790) (0.279) (0.322) (0.311) (0.311)

0.685 1.096 0.773** 0.884 0.667 0.602 0.479

(0.272) (0.191) (0.0840) (0.315) (0.741) (0.278) (0.281)

2.984 0.908 2.175*** 8.451*** 7.719 0.852 0.727

(2.646) (0.418) (0.424) (6.112) (13.01) (0.875) (0.707)

0.469 0.680* 0.762** 0.429** 2.749 0.861 2.377

(0.255) (0.140) (0.0987) (0.173) (2.588) (0.408) (1.309)

0.791 0.511 0.581** 2.441 1.691 6.897* 1.431

(0.752) (0.231) (0.135) (1.740) (2.954) (7.450) (1.602)

0.302 0.868 0.726* 0.514 1.054 0.767 0.613

(0.267) (0.254) (0.133) (0.325) (1.774) (0.496) (0.479)

0.666 1.260 1.254 1.221 0.315 1.450 1.046

(0.332) (0.297) (0.178) (0.540) (0.451) (0.758) (0.750)

1.797*** 1.229** 1.172*** 1.381** 3.743** 1.633** 1.473

(0.340) (0.106) (0.0595) (0.226) (1.961) (0.385) (0.425)

0.810* 1.086** 1.069** 1.161** 1.157 0.991 1.162

(0.0906) (0.0444) (0.0288) (0.0858) (0.185) (0.137) (0.132)

1.012 1.016 0.990 0.929** 0.926 0.989 0.965

(0.0557) (0.0252) (0.0146) (0.0347) (0.0642) (0.0742) (0.0665)

2.672** 1.553 1.217 0.742 0.142 11.44*** 2.025

(1.336) (0.438) (0.212) (0.590) (0.285) (10.75) (1.520)

1.200 1.435 1.264 1.401 1.729 8.258*** 0.592

(0.678) (0.381) (0.196) (0.718) (2.690) (6.138) (0.556)

1.191 1.287 1.168 1.030 0.526 10.03*** 0.541

(0.499) (0.248) (0.129) (0.406) (0.424) (8.226) (0.284)

0.963 0.953 1.390 1.347 0.296 5.530* 0.267

(0.811) (0.496) (0.448) (0.760) (0.322) (5.036) (0.303)

0.631 0.999 0.993 0.867 5.950** 1.519 2.090

(0.345) (0.240) (0.145) (0.387) (4.805) (0.866) (1.322)

0.343 1.373 1.937** 0.942 18.16 0.412 3.399

(0.513) (0.785) (0.555) (1.379) (35.47) (0.668) (6.067)

0.432 0.837 0.578** 0.173** 3.172 0.207 1.198

(0.378) (0.279) (0.141) (0.151) (4.809) (0.329) (1.149)

0.256 0.989 0.551* 0.556 8.056 1.608 0.789

(0.378) (0.422) (0.175) (0.403) (10.66) (1.308) (0.735)

11.40*** 14.31*** 20.97*** 5.321*** 3.656 32.01*** 9.604***

(6.895) (4.506) (4.262) (2.813) (3.765) (28.87) (8.248)

1.046 3.441*** 2.222*** 4.534*** 0.645 4.148*** 2.222

(0.525) (0.790) (0.321) (1.737) (1.277) (1.953) (1.274)

1.638 2.592*** 2.273*** 1.701 1.408 1.073 1.349

(0.743) (0.561) (0.290) (0.701) (1.343) (0.788) (0.842)

0.344** 0.898 1.198 1.771 0.733 1.546 0.806

(0.176) (0.192) (0.173) (0.662) (0.519) (1.015) (0.414)

0.0125*** 0.00147*** 0.00340*** 0.00983*** 0.000699*** 9.91e-05*** 0.00500***

(0.0128) (0.000794) (0.00115) (0.00828) (0.00145) (0.000154) (0.00681)

759 6,958 9,743 1,193 448 921 691

B-
15

NAICS Code 4855 4859 4861 4862 4869

Woman-owned 1.185 0.831 1.627 1.693 2.023

(0.295) (0.135) (1.885) (2.204) (3.239)

SDB not 8(a) 1.264 0.613*** 6.199 0.258 0.487

(0.318) (0.105) (9.363) (0.431) (0.761)

8(a) certified 4.070* 0.980 14.86 1.509 2.490

(2.996) (0.449) (40.58) (4.942) (5.452)

Minority-owned 0.534** 0.312*** 0.614 0.209 0.385

(0.154) (0.0583) (0.895) (0.313) (0.613)

HubZone certified 0.548 1.711 9.063 39.97 11.43

(0.522) (0.736) (22.90) (133.7) (25.15)

Service-disabled veteran 0.852 0.541** 0.727 0.698 0.437

(0.438) (0.130) (1.232) (1.186) (0.684)

Other veteran 0.604 0.788 2.672 0.479 0.558

(0.238) (0.168) (4.848) (1.482) (1.099)

log age 1.155 1.008 0.955 0.745 0.405

(0.162) (0.0858) (0.553) (0.346) (0.243)

log employees 1.180** 0.957 1.651 0.776 0.851

(0.0812) (0.0468) (0.669) (0.188) (0.278)

log sales revenue 1.025 1.001 0.939 0.991 1.008

(0.0407) (0.0216) (0.136) (0.104) (0.156)

Sole proprietor 1.526 8.760*** 0.939 1.440 0.298

Omitted: other forms of organization (0.846) (2.033) (1.898) (2.233) (0.644)

Partnership 1.294 1.199 0.820 0.0647 0.558

(0.603) (0.341) (1.513) (0.146) (1.038)

Corporation for profit 1.778* 1.058 0.520 0.104** 0.769

(0.545) (0.225) (0.860) (0.119) (1.186)

Corporation, nonprofit 1.519 0.424** 640.9 0.394 3.765

(1.567) (0.184) (2,842) (0.780) (12.96)

Government non-classified 1.301 0.393*** 1.511 1.751 2.484

(omitted: no security clearance repor (0.450) (0.130) (2.153) (3.163) (3.996)

Government confidential 0.304 0.766 5.956 19.11 13.22

(0.462) (0.515) (15.27) (43.40) (30.32)

Government secret 1.402 0.346** 5.242 2.197 3.453

(1.971) (0.152) (11.90) (4.500) (6.443)

Government top-secret 0.839 1.024 2.989 18.23 2.696

(0.654) (0.412) (8.346) (32.55) (6.644)

Share of FY 2013-2014 in sample 39.78*** 50.14*** 0.154 8.940 14.92

(19.73) (15.35) (0.350) (15.27) (34.14)

Lower past performance rating 1.857 3.299*** 9.940 20.99*** 1.428

(0.703) (0.831) (20.97) (20.97) (2.690)

Higher past performance rating 1.411 1.835** 3.889 2.065 4.423

(0.547) (0.479) (8.319) (5.529) (6.655)

Small (SBA definition) 2.195** 1.619* 74.04 0.492 0.802

(0.790) (0.444) (257.5) (0.824) (1.332)

Constant 0.000810*** 0.00578*** 0.000642 0.270 0.0592

(0.000710) (0.00272) (0.00361) (0.747) (0.208)

Observations 1,026 2,603 543 619 709 4

standard errors in parentheses (*** p

4871 4872 4879 4881 4882 4883 4884

0.432 0.680 0.341 1.112 0.498 0.802 0.523**

(0.310) (0.476) (0.910) (0.130) (0.484) (0.176) (0.133)

1.166 1.040 0.550 0.674*** 0.199 1.195 1.041

(0.767) (0.673) (1.113) (0.0862) (0.262) (0.240) (0.231)

1.818 5.062 5.434 0.598* 2.523 0.706 0.988

(3.166) (14.63) (17.30) (0.176) (4.209) (0.398) (0.565)

0.907 0.240 2.095 0.738** 0.563 0.525** 0.595*

(0.668) (0.285) (4.519) (0.104) (0.784) (0.138) (0.162)

0.889 2.965 19.30 0.344** 5.316 0.664 0.178**

(1.410) (5.108) (44.63) (0.158) (9.751) (0.352) (0.153)

0.572 0.592 0.709 0.577*** 6.847* 0.538* 0.389**

(0.903) (0.795) (1.751) (0.0996) (7.197) (0.190) (0.170)

0.214 1.262 1.042 0.780* 2.249 0.649 0.758

(0.317) (0.922) (1.622) (0.110) (2.253) (0.175) (0.249)

2.607** 0.876 1.549 1.590*** 1.250 1.662*** 1.031

(1.043) (0.271) (2.190) (0.0874) (0.507) (0.150) (0.119)

1.135 1.059 1.175 1.076*** 1.530** 0.992 0.863**

(0.199) (0.136) (0.612) (0.0301) (0.322) (0.0470) (0.0621)

1.074 0.985 0.994 1.033* 0.921 0.980 1.136***

(0.135) (0.0834) (0.324) (0.0181) (0.0955) (0.0239) (0.0522)

5.225 1.078 2.165 1.681*** 1.099 1.633 1.277

(5.315) (0.917) (4.226) (0.331) (1.474) (0.497) (0.406)

3.894 0.942 3.652 1.089 1.577 1.326 1.015

(3.562) (0.883) (6.797) (0.189) (1.903) (0.385) (0.351)

0.526 1.289 0.184 1.056 0.869 1.322 0.928

(0.410) (0.947) (0.348) (0.132) (0.833) (0.284) (0.233)

2.810 0.944 2.531 1.032 9.191 2.285** 1.463

(4.458) (1.659) (6.959) (0.358) (18.15) (0.933) (0.908)

3.606* 0.480 0.724 0.886 0.104 0.623* 0.933

(2.493) (0.704) (1.398) (0.118) (0.236) (0.167) (0.311)

5.671 1.255 7.877 0.722 4.293 0.466 2.852*

(10.61) (1.962) (40.47) (0.238) (4.778) (0.242) (1.811)

6.090 3.420 6.374 0.723** 0.321 0.937 1.067

(10.11) (6.776) (11.52) (0.106) (0.530) (0.257) (0.579)

12.50 0.422 9.486 0.375*** 0.987 0.302*** 1.100

(25.90) (0.776) (29.29) (0.0645) (1.593) (0.137) (0.570)

6.021* 4.666 0.369 31.05*** 76.65* 12.75*** 10.68***

(6.214) (4.526) (0.762) (7.909) (187.3) (4.207) (3.898)

1.516 0.511 6.577 1.195 1.406 1.112 2.758***

(1.463) (0.790) (23.01) (0.147) (1.554) (0.293) (0.908)

0.876 1.055 8.483 1.369** 0.614 2.464*** 3.000***

(0.830) (1.721) (19.53) (0.169) (0.643) (0.523) (0.890)

1.956 0.765 0.900 2.006*** 7.705 0.756 1.276

(1.470) (0.740) (1.510) (0.293) (9.840) (0.177) (0.388)

0.000150*** 0.0629* 0.0137 0.00101*** 7.95e-05*** 0.00608*** 0.00230***

(0.000330) (0.0913) (0.0956) (0.000381) (0.000237) (0.00326) (0.00181)

456 288 298 4,757 639 2,194 2,746

B-
16





















NAICS Code 6114 6115 6116 6117 6211

Woman-owned 0.771*** 0.782 0.640*** 0.450*** 0.754***

(0.0422) (0.131) (0.0664) (0.0304) (0.0793)

SDB not 8(a) 0.716*** 0.788 0.871 0.738*** 0.866

(0.0476) (0.141) (0.0981) (0.0587) (0.0981)

8(a) certified 1.242* 1.199 0.951 1.351* 1.901***

(0.157) (0.457) (0.257) (0.234) (0.419)

Minority-owned 0.432*** 0.339*** 0.401*** 0.425*** 0.532***

(0.0313) (0.0698) (0.0526) (0.0347) (0.0647)

HubZone certified 0.509*** 0.543 0.937 0.532** 1.615

(0.117) (0.359) (0.331) (0.169) (0.756)

Service-disabled veteran 0.592*** 0.988 0.907 0.433*** 0.360***

(0.0541) (0.198) (0.117) (0.0514) (0.0774)

Other veteran 0.937 0.948 0.962 0.877 0.603***

(0.0758) (0.181) (0.128) (0.0858) (0.0875)

log age 1.299*** 1.678*** 0.986 1.095*** 0.817***

(0.0403) (0.139) (0.0521) (0.0355) (0.0348)

log employees 0.980 0.985 1.052* 1.084*** 1.077***

(0.0163) (0.0365) (0.0306) (0.0200) (0.0239)

log sales revenue 1.054*** 1.030 1.035** 0.978*** 1.011

(0.0105) (0.0245) (0.0158) (0.00802) (0.0117)

Sole proprietor 1.837*** 1.127 1.767*** 4.571*** 1.543***

Omitted: other forms of organization (0.147) (0.266) (0.255) (0.445) (0.209)

Partnership 1.159 1.697** 1.039 0.849 0.781

(0.105) (0.375) (0.175) (0.111) (0.122)

Corporation for profit 0.986 0.895 1.412*** 0.875 1.202

(0.0678) (0.151) (0.176) (0.0819) (0.144)

Corporation, nonprofit 1.488*** 1.051 0.725* 0.556*** 0.674**

(0.160) (0.264) (0.139) (0.0678) (0.110)

Government non-classified 0.753*** 0.684* 0.692*** 1.025 1.454***

(omitted: no security clearance repor (0.0544) (0.146) (0.0987) (0.0893) (0.174)

Government confidential 0.700* 1.237 0.626 0.941 0.604*

(0.139) (0.500) (0.247) (0.231) (0.177)

Government secret 0.661*** 0.622** 0.785 0.716** 0.680

(0.0630) (0.129) (0.127) (0.0930) (0.174)

Government top-secret 0.456*** 0.295*** 0.465*** 0.371*** 0.750

(0.0382) (0.0583) (0.0715) (0.0451) (0.196)

Share of FY 2013-2014 in sample 13.17*** 12.16*** 11.89*** 13.31*** 10.40***

(1.376) (3.368) (2.064) (1.473) (1.450)

Lower past performance rating 1.720*** 3.439*** 2.093*** 2.306*** 1.965***

(0.156) (0.691) (0.374) (0.298) (0.197)

Higher past performance rating 1.739*** 3.322*** 2.325*** 2.368*** 1.339**

(0.129) (0.533) (0.333) (0.245) (0.169)

Small (SBA definition) 0.947 1.257 1.041 0.801** 1.010

(0.0820) (0.181) (0.160) (0.0803) (0.126)

Constant 0.00431*** 0.00160*** 0.00719*** 0.0243*** 0.0333***

(0.000761) (0.000667) (0.00198) (0.00396) (0.00791)

Observations 30,472 6,716 11,436 16,222 7,376 1

standard errors in parentheses (*** p

6212 6213 6214 6215 6216 6219 6221

0.645 0.840* 0.548*** 0.568*** 0.800 0.681*** 0.535***

(0.188) (0.0776) (0.106) (0.0890) (0.131) (0.0986) (0.0866)

1.386 0.871 0.791 0.805 0.740 0.599*** 0.832

(0.407) (0.0953) (0.171) (0.121) (0.136) (0.102) (0.139)

1.351 2.753*** 0.303* 0.334*** 0.225* 1.131 0.850

(0.828) (0.566) (0.209) (0.137) (0.199) (0.362) (0.267)

0.322*** 0.635*** 0.629** 0.752* 0.648** 0.484*** 0.489***

(0.120) (0.0775) (0.131) (0.120) (0.127) (0.0867) (0.0896)

0.917 0.562 0.334 0.959 2.565 0.536 0.265

(1.419) (0.298) (0.519) (0.506) (1.650) (0.364) (0.229)

0.124** 0.745* 0.239*** 0.444*** 0.609 0.445*** 0.399***

(0.105) (0.124) (0.105) (0.109) (0.210) (0.115) (0.0982)

0.645 0.806 1.107 0.678* 0.497** 0.881 0.841

(0.252) (0.129) (0.306) (0.148) (0.167) (0.193) (0.191)

0.951 1.057 1.519*** 1.359*** 1.273*** 1.408*** 1.061

(0.131) (0.0547) (0.138) (0.0908) (0.113) (0.0995) (0.0602)

0.852 1.046* 0.815*** 1.108*** 0.996 1.036 0.958

(0.0834) (0.0288) (0.0277) (0.0339) (0.0373) (0.0323) (0.0268)

1.070 1.024 1.001 1.010 1.037 1.006 1.013

(0.0465) (0.0153) (0.0228) (0.0172) (0.0253) (0.0182) (0.0158)

1.632 1.358** 2.290*** 2.046*** 2.899*** 1.354 1.324

(0.695) (0.190) (0.604) (0.441) (0.858) (0.342) (0.306)

1.238 0.946 1.627* 1.118 1.345 0.911 1.085

(0.628) (0.158) (0.468) (0.216) (0.378) (0.209) (0.229)

1.421 1.070 0.807 0.878 1.433 1.166 1.190

(0.562) (0.135) (0.183) (0.132) (0.316) (0.191) (0.182)

0.770 0.339*** 0.441*** 0.572*** 0.965 0.959 0.421***

(0.546) (0.0734) (0.119) (0.120) (0.296) (0.207) (0.0744)

0.433 0.724** 0.958 0.832 1.234 0.874 0.546***

(0.248) (0.118) (0.267) (0.176) (0.375) (0.179) (0.121)

1.127 0.779 0.311 1.767 2.341* 0.373* 0.427

(0.996) (0.228) (0.281) (0.896) (1.158) (0.195) (0.256)

1.034 0.877 0.535 0.417** 0.687 0.583* 0.482**

(0.627) (0.195) (0.257) (0.165) (0.481) (0.188) (0.158)

0.945 0.405*** 0.937 0.398** 0.234 0.253*** 0.574*

(0.673) (0.106) (0.435) (0.148) (0.341) (0.0980) (0.181)

14.81*** 13.76*** 8.739*** 10.16*** 18.48*** 10.14*** 12.28***

(6.824) (2.366) (2.314) (2.041) (5.080) (2.184) (2.324)

1.759 1.584*** 7.655*** 2.295*** 1.612* 2.516*** 3.377***

(0.738) (0.209) (1.337) (0.369) (0.444) (0.376) (0.487)

2.858*** 2.063*** 7.732*** 3.004*** 1.545 2.453*** 1.893***

(1.057) (0.272) (1.576) (0.526) (0.545) (0.396) (0.318)

2.741** 1.345* 0.965 0.714** 1.667** 0.986 0.460***

(1.155) (0.209) (0.183) (0.115) (0.374) (0.164) (0.0740)

0.00260*** 0.00783*** 0.00767*** 0.0192*** 0.00202*** 0.0104*** 0.0762***

(0.00203) (0.00228) (0.00333) (0.00641) (0.00100) (0.00377) (0.0239)

1,599 7,846 9,518 2,983 3,844 3,954 3,074

B-
22