Table 6

Marginal effects of multinomial logit model for statistically significant variables

Give to familySell to familySell to outsiderLiquidate
SEW0.14−0.01−0.06−0.07
Rural0.050.09−0.13−0.02
Family ownership0.060.09−0.04−0.12
Female owner0.11−0.09−0.030.02
BIPOC owner0.130.05−0.03−0.16
Owner age0.0010.003−0.010.01
Sole proprietor0.08−0.120.0030.03
Employees0.0020.0010.00050.003
Production0.190.003−0.08−0.10
Source(s): Authors’ data. Conditional marginal effects at means. Production includes agriculture, mining, construction, manufacturing; Wholesale includes wholesale trade and food services; Services (reference) includes trade professions such as finance, education, healthcare and entertainment; Rural: remote area and/or town less than 10,000 people

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