Table 1

Descriptive statistics of the variables

ObsMeanStd Dev.MinMax
Revenue1,1187195.03920553.830624,500
Duality1,1560.18079580.3850155  
Bank Account1,1570.46672430.499107  
Mobile income1,1570.2385480.4263801  
Credit Card1,1570.20147550.2014755  
Mobile Banking1,1570.2074330.4056437  
Mobile Account1,1570.13310290.3644  
Education1,57211.031173.085197015
Age of Owners1,57243.7646312.217132379
Gender1,5580.67394090.4689197  
Informal Income1,5720.93193380.2519395  
No of Business1,5720.15458020.361619  
Age of the business1,5008.9286679.169131060
Registration1,5720.43320610.4956762  
Profitability1,1493,695.4446315.944−8000061778.03
Source(s): Authors’ (2025)

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