Table 2 Effect of FL and FC on the...

Table 2

Effect of FL and FC on the financial discipline

Variable		Coefficient	Standard error	p- value
${F L}_{S c o r e}$		0.1543245	0.061298	0.012
${F i n}_{C o n}$		0.3162929	0.0629576	0.000
$A g e$		−0.0251857	0.012564	0.045
$M a l e$		−0.5554602	0.2155695	0.010
$M a r$		−0.0128214	0.132388	0.923
$H H$		−0.1649913	0.0440972	0.000
$L a n d$		0.0149611	0.0402442	0.710
${F a r m}_{\exp}$		0.0261923	0.0121982	0.032
$\ln \in$		0.5259089	0.3041393	0.084
$O f f \in$		7.77e−06	3.51e−06	0.027
$M e d S h o c k$		−0.2631028	0.1776208	0.139
Educational Qualification	${U p p}_{p r i}$	0.2608828	0.192,835	0.176
	${S e c o n d}_{E d u}$	−0.0558966	0.2062004	0.786
	${H i g h e r}_{S e c o n d}$	−0.0015161	0.2784597	0.996
	${H i g h e r}_{E d u}$	−0.5019355	0.3660614	0.170
${R i s k}_{A t t}$		−0.0600966	0.2374548	0.800
${A d v}_{D i s t}$		0.5296618	0.1955046	0.007
Log-likelihood		221.33962	LR χ²(17)	193.89
Prob > χ²		0.0000	Pseudo R²	0.3046
No of observations		503

Variable		Coefficient	Standard error	p- value
${F L}_{S c o r e}$		0.1543245	0.061298	0.012
${F i n}_{C o n}$		0.3162929	0.0629576	0.000
$A g e$		−0.0251857	0.012564	0.045
$M a l e$		−0.5554602	0.2155695	0.010
$M a r$		−0.0128214	0.132388	0.923
$H H$		−0.1649913	0.0440972	0.000
$L a n d$		0.0149611	0.0402442	0.710
${F a r m}_{\exp}$		0.0261923	0.0121982	0.032
$\ln \in$		0.5259089	0.3041393	0.084
$O f f \in$		7.77e−06	3.51e−06	0.027
$M e d S h o c k$		−0.2631028	0.1776208	0.139
Educational Qualification	${U p p}_{p r i}$	0.2608828	0.192,835	0.176
	${S e c o n d}_{E d u}$	−0.0558966	0.2062004	0.786
	${H i g h e r}_{S e c o n d}$	−0.0015161	0.2784597	0.996
	${H i g h e r}_{E d u}$	−0.5019355	0.3660614	0.170
${R i s k}_{A t t}$		−0.0600966	0.2374548	0.800
${A d v}_{D i s t}$		0.5296618	0.1955046	0.007
Log-likelihood		221.33962	LR χ²(17)	193.89
Prob > χ²		0.0000	Pseudo R²	0.3046
No of observations		503

Source(s): Authors’ own calculation

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