Table 6. Full factorial design matrix for 25 possible factor combinations: (-) denotes low factor level, (+) denotes high factor levels. IBC stands for interest on borrowed capital, IEC stands for interest on equity capital, MA stands for cost savings due to managerial ability, POL stands for the policy scenario, and TC stands for technological change.

Scenario Factors
TC MA IBC POL IEC
1 - - - - -
2 - - - - +
3 - - - + -
4 - - - + +
5 - - + - -
6 - - + - +
7 - - + + -
8 - - + + +
9 - + - - -
10 - + - - +
11 - + - + -
12 - + - + +
13 - + + - -
14 - + + - +
15 - + + + -
16 - + + + +
17 + - - - -
18 + - - - +
19 + - - + -
20 + - - + +
21 + - + - -
22 + - + - +
23 + - + + -
24 + - + + +
25 + + - - -
26 + + - - +
27 + + - + -
28 + + - + +
29 + + + - -
30 + + + - +
31 + + + + -
32 + + + + +