Table 4

Probit regression: The impact of factor religiosity on the involvement in early-stage entrepreneurial activity

VariablesModel 1
Age−8.57e−05
(0.000915)
Education0.0441***
(0.00950)
Gender0.00186
(0.0206)
Internet0.0159***
(0.00159)
Construction_Worker−4.78e−07
(1.23e−06)
Ln_Investment0.0638***
(0.0116)
NPL−11.51***
(1.590)
NPF−0.308
(0.602)
Population_density−2.88e−05***
(4.69e−06)
Ln_GDP0.155***
(0.0394)
Factor Religiosity0.0584***
(0.0194)
Constant−3.415***
(0.395)
Observations21,279

Note(s): Standard errors in parentheses

***p < 0.01, **p < 0.05, *p < 0.1

Model 1 is estimated using probit regression

Source(s): Authors’ own work

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