Table 3 Robustness check for taking the... | Emerald Publishing

Table 3

Robustness check for taking the student loan

	Coeff	p-value	Coeff	p-value	Coeff	p-value	Coeff	p-value	Coeff	p-value	Coeff	p-value
Age	0.050	0.006***	0.048	0.016**	0.05	0.013**	0.048	0.016**	0.049	0.014**	0.051	0.005***
Sex (female = 1)	−0.117	0.055*	−0.098	0.123	−0.090	0.159	−0.078	0.230	−0.075	0.245	−0.102	0.086*
BACKGROUND	0.066	0.501	0.056	0.588	0.053	0.610	0.061	0.557	0.055	0.591	0.105	0.268
INDEPENDENCE			0.000	0.997	0.010	0.942	−0.018	0.893	−0.015	0.913	−0.001	0.992
Budget surplus			0.000	0.985	0.000	0.960	0.000	0.936	0.000	0.987	0.000	0.589
ASPIRATION			0.177	0.214	0.159	0.269	0.136	0.349	0.100	0.488	−0.071	0.598
PERFORMANCE					−0.015	0.729	−0.012	0.780	−0.007	0.882	0.016	0.689
Talent management program					0.081	0.243	0.097	0.169	0.087	0.213	0.021	0.748
Patience							−0.053	0.860	−0.042	0.887	−0.037	0.893
Risk-taking							0.000	0.234	0.000	0.200	0.000	0.179
No present bias							−0.300	0.216	−0.266	0.276	−0.160	0.479
ATTITUDE									−0.282	0.032**	−0.231	0.056*
Knowledge: loan											−0.057	0.331
Knowledge: savings											−0.028	0.821
Knowledge: arbitrage											0.590	0.000***

	Coeff	p-value	Coeff	p-value	Coeff	p-value	Coeff	p-value	Coeff	p-value	Coeff	p-value
Age	0.050	0.006***	0.048	0.016**	0.05	0.013**	0.048	0.016**	0.049	0.014**	0.051	0.005***
Sex (female = 1)	−0.117	0.055*	−0.098	0.123	−0.090	0.159	−0.078	0.230	−0.075	0.245	−0.102	0.086*
BACKGROUND	0.066	0.501	0.056	0.588	0.053	0.610	0.061	0.557	0.055	0.591	0.105	0.268
INDEPENDENCE			0.000	0.997	0.010	0.942	−0.018	0.893	−0.015	0.913	−0.001	0.992
Budget surplus			0.000	0.985	0.000	0.960	0.000	0.936	0.000	0.987	0.000	0.589
ASPIRATION			0.177	0.214	0.159	0.269	0.136	0.349	0.100	0.488	−0.071	0.598
PERFORMANCE					−0.015	0.729	−0.012	0.780	−0.007	0.882	0.016	0.689
Talent management program					0.081	0.243	0.097	0.169	0.087	0.213	0.021	0.748
Patience							−0.053	0.860	−0.042	0.887	−0.037	0.893
Risk-taking							0.000	0.234	0.000	0.200	0.000	0.179
No present bias							−0.300	0.216	−0.266	0.276	−0.160	0.479
ATTITUDE									−0.282	0.032**	−0.231	0.056*
Knowledge: loan											−0.057	0.331
Knowledge: savings											−0.028	0.821
Knowledge: arbitrage											0.590	0.000***

Note(s): ***p < 0.01; **p < 0.05; *p < 0.1

In the linear regression models, the dependent variable is whether the student took up student loans for any purposes

Source(s): Authors’ own work