Table 5

Cox's regression model

VariablesModel 1Model 2Model 3
CoefficientStandard Errorp-valueCoefficientStandard Errorp-valueCoefficientStandard Errorp-value
Sector of Activity−0.0150.810.852−0.0060.0880.946−0.0190.0850.819
Geographical Area0.1270.2480.6080.0740.2551.0770.0610.2540.811
Founding Period3.211***0.528<0.0013.255***0.538<0.0013.250***0.539<0.001
Management Experience (H)   −0.1500.3710.686−0.1770.3670.628
Other Career Experience (H)   0.0550.3860.8880.0360.3860.925
Start-Up Experience (H)   0.3090.3630.3960.3120.3640.392
Level of Education (H)   0.444***0.3180.0030.457***0.3170.004
Kind of Education (H)   −0.619*0.3590.084−0.623*0.3590.083
Gender (H)   −0.7920.5790.171−0.8220.5740.152
Age (H)   −0.2040.3890.600Not includedNot includedNot included
Team Size   0.227*0.1320.0860.207***0.1270.001
Chi-square51.94859.49959.499
Log-likelihood441.412433.273433.273

Note(s): Robust p-values were provided in parentheses: ***p < 0.01 **p < 0.05 *p < 0.1

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