Table 8

Logit model for a confrontational policy

CoefficientStandard errorWald testUpper confidence interval limitLower confidence interval limitp-value
Overdue accounts receivable incidence0.2263760.1038534.7356830.022450.4295500.029543**
Business size by turnover0.3365250.1402395.8139120.063280.6130080.015900**
Business size by headcount−0.1285650.1179551.219964−0.361470.1009040.269368
Type of business operations0.0197140.0263240.502380−0.032940.0702530.478456
Gender structure of accounts receivable manager team−0.0367510.1057490.136317−0.246310.1682210.711971
Years in business0.0145130.0805390.125386−0.129340.1863730.723265
Form of business ownership0.3540190.2268782.217287−0.106840.7825070.136473
Legal form of the business0.0395450.0351941.301226−0.028830.1091240.253989
Location of the head office−0.0187910.0186850.722194−0.052500.0207440.395425
Type of municipality where the business is based0.0766600.1698600.051866−0.294230.3716030.819847
Size of the town/city where the head office is located−0.0624840.0565521.220777−0.173320.0483560.269208
Business territory−0.0319880.1587150.068512−0.352620.2695320.793516
LR χ2(12) = 27.587 Prob > χ2 = 0.00635      

Note(s): *, **, *** – significance level of 10%, 5% and 1%

Source(s): Authors’ own elaboration

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