Blended finance and firm performance: dependent variable: firm profitability
| Model 1 | Model 2 | Model 3 | |
|---|---|---|---|
| Firm Size | 1.0582***(0.0451) | 1.0465***(0.0452) | 1.1098***(0.0471) |
| Sex | 0.5969***(0.0603) | 0.5899***(0.0602) | 0.9353***(0.0621) |
| Age | 0.9772***(0.1116) | 0.9861***(0.1114) | 0.9777***(0.1167) |
| Square of Age | −0.2511***(0.0297) | −0.2535***(0.0029) | −0.2514***(0.0311) |
| Education | 0.0803***(0.0099) | 0.0803***(0.0099) | 0.0899***(0.0103) |
| Age of Owner | 0.0319***(0.0022) | 0.0315***(0.0022) | 0.0327***(0.0023) |
| Prov. Dummy | 0.2769***(0.0291) | 0.2738***(0.0290) | 0.2712***(0.0305) |
| Informal Inco | 1.1603***(0.1157) | 1.2082*** (0.1173) | 1.2136***(0.1238) |
| Business (No) | 0.4498***(0.1054) | 0.4580*** (0.1052) | 0.5591***(0.1096) |
| Business registration | 0.1919***(0.0637) | −0.1574**(0.0648) | 0.0534(0.0669) |
| Co-funding | 0.2045***(0.0770) | 0.1468**(0.0515) | |
| Bank Account | 0.1419**(0.0705) | ||
| R-Square | 0.57 | 0.58 | 0.58 |
| F-stat. (Prob.) | 10099(0.0000) | 9225(0.0000) | 8160(0.0000) |
| Provincial Dummies | Yes | Yes | Yes |
| Obs. | 957 | 957 | 957 |
| Model 1 | Model 2 | Model 3 | |
|---|---|---|---|
| Firm Size | 1.0582***(0.0451) | 1.0465***(0.0452) | 1.1098***(0.0471) |
| Sex | 0.5969***(0.0603) | 0.5899***(0.0602) | 0.9353***(0.0621) |
| Age | 0.9772***(0.1116) | 0.9861***(0.1114) | 0.9777***(0.1167) |
| Square of Age | −0.2511***(0.0297) | −0.2535***(0.0029) | −0.2514***(0.0311) |
| Education | 0.0803***(0.0099) | 0.0803***(0.0099) | 0.0899***(0.0103) |
| Age of Owner | 0.0319***(0.0022) | 0.0315***(0.0022) | 0.0327***(0.0023) |
| Prov. Dummy | 0.2769***(0.0291) | 0.2738***(0.0290) | 0.2712***(0.0305) |
| Informal Inco | 1.1603***(0.1157) | 1.2082*** (0.1173) | 1.2136***(0.1238) |
| Business (No) | 0.4498***(0.1054) | 0.4580*** (0.1052) | 0.5591***(0.1096) |
| Business registration | 0.1919***(0.0637) | −0.1574**(0.0648) | 0.0534(0.0669) |
| Co-funding | 0.2045***(0.0770) | 0.1468**(0.0515) | |
| Bank Account | 0.1419**(0.0705) | ||
| 0.57 | 0.58 | 0.58 | |
| 10099(0.0000) | 9225(0.0000) | 8160(0.0000) | |
| Provincial Dummies | Yes | Yes | Yes |
| Obs. | 957 | 957 | 957 |
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