Table 8. Customer acceptance choice...

Table 8.

Customer acceptance choice model estimates

	Base model		Endogeneity-corrected model
Predictor variable	Estimate	Std. error	Estimate	Std. error
Intercept	5.0344***	0.16610	9.050***	0.33181
Deposit relationship (base level = no)
Yes	0.1946***	0.03723	0.164***	0.03740
Risk class (base level = 1)
2	−1.3320***	0.18349	−1.146***	0.18438
3	−2.4482***	0.30858	−2.115***	0.31276
Vehicle age	−0.0939***	0.00799	−0.053***	0.00848
Income	−0.0000**	0.00000	−0.000***	0.00000
Amortization	−0.0226***	0.00099	−0.018***	0.00103
Customer rate	−38.5598***	2.36572	−114.153***	5.88714
Difference	−0.0000	0.00000	0.000	0.00000
Region	Too many		Too many
Manufacturer	Too many		Too many
Risk class × customer rate (base level = 1)
2	12.3916***	2.97647	12.523***	2.98559
3	1.7127	4.99895	1.797	5.05616
Region × customer rate	Too many		Too many
Residuals (stage 1)	NA	NA	79.981***	5.69119
LnLik	−26,704		−26,605
AIC	53,516		53,320

	Base model		Endogeneity-corrected model
Predictor variable	Estimate	Std. error	Estimate	Std. error
Intercept	5.0344***	0.16610	9.050***	0.33181
Deposit relationship (base level = no)
Yes	0.1946***	0.03723	0.164***	0.03740
Risk class (base level = 1)
2	−1.3320***	0.18349	−1.146***	0.18438
3	−2.4482***	0.30858	−2.115***	0.31276
Vehicle age	−0.0939***	0.00799	−0.053***	0.00848
Income	−0.0000**	0.00000	−0.000***	0.00000
Amortization	−0.0226***	0.00099	−0.018***	0.00103
Customer rate	−38.5598***	2.36572	−114.153***	5.88714
Difference	−0.0000	0.00000	0.000	0.00000
Region	Too many		Too many
Manufacturer	Too many		Too many
Risk class × customer rate (base level = 1)
2	12.3916***	2.97647	12.523***	2.98559
3	1.7127	4.99895	1.797	5.05616
Region × customer rate	Too many		Too many
Residuals (stage 1)	NA	NA	79.981***	5.69119
LnLik	−26,704		−26,605
AIC	53,516		53,320

Notes:

***significant at 0.1%, **significant at 1%, *significant at 5%, †significant at 10%

Source: Authors’ own work