Table 4 Multivariate analysis –...

Table 4

Multivariate analysis – parameter estimates

Dependent variable	Parameter	B	Std. error	t	Sig.
a. Cash solvency	Intercept	0.153	0.072	2.128	0.034
	Fiscal autonomy	−0.175	0.152	−1.148	0.252
	Size	−3.467E−8	5.694E−8	−0.609	0.543
	Country	0.071^*	0.009	8.353	<0.001
	Economic wealth	2.248E−6	2.646E−6	0.849	0.397
	Service level	0.000	3.121E−5	−3.854	<0.001
b. Budget solvency	Intercept	1.250	0.051	24.561	<0.001
	Fiscal autonomy	−0.252	0.108	−2.341	0.020
	Size	9.172E−9	4.032E−8	0.227	0.820
	Country	0.073^*	0.006	12.046	<0.001
	Economic wealth	−7.238E−6	1.874E−6	−3.862	<0.001
	Service level	−4.941E−5	2.211E−5	−2.235	0.026
c. Long-run solvency	Intercept	−2.714	2.172	−1.250	0.213
	Fiscal autonomy	−5.672	4.596	−1.234	0.218
	Size	−2.409E−6	1.721E−6	−1.400	0.163
	Country	1.033^*	0.258	4.002	<0.001
	Economic wealth	0.000	8.000E−5	1.425	0.155
	Service level	0.004	0.001	4.097	<0.001

Dependent variable	Parameter	B	Std. error	t	Sig.
a. Cash solvency	Intercept	0.153	0.072	2.128	0.034
	Fiscal autonomy	−0.175	0.152	−1.148	0.252
	Size	−3.467E−8	5.694E−8	−0.609	0.543
	Country	0.071^*	0.009	8.353	<0.001
	Economic wealth	2.248E−6	2.646E−6	0.849	0.397
	Service level	0.000	3.121E−5	−3.854	<0.001
b. Budget solvency	Intercept	1.250	0.051	24.561	<0.001
	Fiscal autonomy	−0.252	0.108	−2.341	0.020
	Size	9.172E−9	4.032E−8	0.227	0.820
	Country	0.073^*	0.006	12.046	<0.001
	Economic wealth	−7.238E−6	1.874E−6	−3.862	<0.001
	Service level	−4.941E−5	2.211E−5	−2.235	0.026
c. Long-run solvency	Intercept	−2.714	2.172	−1.250	0.213
	Fiscal autonomy	−5.672	4.596	−1.234	0.218
	Size	−2.409E−6	1.721E−6	−1.400	0.163
	Country	1.033^*	0.258	4.002	<0.001
	Economic wealth	0.000	8.000E−5	1.425	0.155
	Service level	0.004	0.001	4.097	<0.001

Note(s): a. R Squared = 0.329 (Adjusted R Squared = 0.315)

b. R Squared = 0.542 (Adjusted R Squared = 0.533)

c. R Squared = 0.224 (Adjusted R Squared = 0.208)

Sign and value have no meaning

Source(s): Authors’ own work

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