Table A2. Regressions explaining...

Table A2.

Regressions explaining respondents’ well-being (with an alternative definition of new firms: foundation threshold set to 2020)

	(1)	(2)	(3)	(4)
Female	−0.241***	−0.219***	−0.196**	−0.235***
Age	0.00519	0.00749**	0.00631*	0.00294
University degree	0.189**	0.192**	0.133*	0.168**
Urban (Prague or Brno)	−0.0289	−0.0199	−0.00183	−0.00589
Children in household	−0.0302	−0.0602	−0.0457	−0.0385
Necessity entrepreneurship	−0.0545	−0.0246	−0.0311	−0.0545
Locus of control	0.245***	0.154***	0.192***	0.209***
Self-efficacy	0.147***	0.114**	0.112**	0.133***
Breadwinner
Respondent	ref.	ref.	ref.	ref.
Respondent and sb else	0.0541	0.0466	0.0154	0.0121
Somebody else	0.119	0.231**	0.132	0.0902
Business type
Established business	ref.	ref.	ref.	ref.
Other new business (f. 2020+)	−0.0177	0.0154	0.0458	−0.0122
Startup	0.0314	0.113	0.0384	0.0789
Satisfaction with income from ent.		0.359***
Other new bus. × satisf. inc. ent.		−0.287**
Startup × satisf. inc. ent.		−0.488***
Disposable income			0.295***
Other new bus. × disp. income			−0.0410
Startup × disp. income			−0.418*
Financial problems				−0.172***
Other new bus. × fin. problems				0.119
Startup × fin. problems				0.117
Industry dummies	Yes	Yes	Yes	Yes
R²	0.153	0.244	0.226	0.176
N	1113	1113	1113	1113
p(interaction terms)		<0.0001	0.047	0.472

	(1)	(2)	(3)	(4)
Female	−0.241***	−0.219***	−0.196**	−0.235***
Age	0.00519	0.00749**	0.00631*	0.00294
University degree	0.189**	0.192**	0.133*	0.168**
Urban (Prague or Brno)	−0.0289	−0.0199	−0.00183	−0.00589
Children in household	−0.0302	−0.0602	−0.0457	−0.0385
Necessity entrepreneurship	−0.0545	−0.0246	−0.0311	−0.0545
Locus of control	0.245***	0.154***	0.192***	0.209***
Self-efficacy	0.147***	0.114**	0.112**	0.133***
Breadwinner
Respondent	ref.	ref.	ref.	ref.
Respondent and sb else	0.0541	0.0466	0.0154	0.0121
Somebody else	0.119	0.231**	0.132	0.0902
Business type
Established business	ref.	ref.	ref.	ref.
Other new business (f. 2020+)	−0.0177	0.0154	0.0458	−0.0122
Startup	0.0314	0.113	0.0384	0.0789
Satisfaction with income from ent.		0.359***
Other new bus. × satisf. inc. ent.		−0.287**
Startup × satisf. inc. ent.		−0.488***
Disposable income			0.295***
Other new bus. × disp. income			−0.0410
Startup × disp. income			−0.418*
Financial problems				−0.172***
Other new bus. × fin. problems				0.119
Startup × fin. problems				0.117
Industry dummies	Yes	Yes	Yes	Yes
R²	0.153	0.244	0.226	0.176
N	1113	1113	1113	1113
p(interaction terms)		<0.0001	0.047	0.472

Notes:

(i) The Last row shows the p-value of a Wald test for the joint significance of both interaction terms (based on a heteroscedasticity-robust variance matrix). (ii) *p < 0.05; **p < 0.01; *** p < 0.001. Columns present individual models differing in the included financial indicators (satisfaction with income from entrepreneurship, disposable income and financial problems)

Source: Authors’ own work

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