Results of the independent variable “Number of Investors” by using the OLS regression
| Model 1 | Model 2 | |||
|---|---|---|---|---|
| OLS | Robust | |||
| No. of investors | Coef. | Std. Err. | Coef. | Std. Err. |
| All male | 0.87291 | 0.382562 | 0.87291 | 0.202693 |
| All female | −0.8588 | 0.368449 | −0.8588 | 0.192098 |
| Both | 0.09302 | 0.421521 | 0.09302 | 0.226852 |
| Advisor | 0.17155** | 0.051308 | 0.17155** | 0.031576 |
| Brazil | 0.067655** | 0.179014 | 0.067655** | 0.392463 |
| Chile | 0.235612* | 0.193417 | 0.235612* | 0.102664 |
| Mexico | 0.247425** | 0.123462 | 0.247425** | 0.076523 |
| Video | 0.6155686* | 0.084496 | 0.6155686* | 0.049104 |
| Industry | 0.0158793 | 0.341039 | 0.0158793 | 0.201195 |
| Firm age | 0.2407862* | 0.166631 | 0.2407862* | 0.091752 |
| 0.0103997** | 0.011748 | 0.0103997** | 0.010636 | |
| Equity offered | 0.4588233* | 0.168305 | 0.4588233* | 0.119946 |
| Finance info | 0.3747242* | 0.053553 | 0.3747242* | 0.023871 |
| Fundraising goal | 0.0008525** | 0.000268 | 0.0008525** | 0.000034 |
| _cons | 0.8474284** | 0.124284 | 0.8474284** | 0.075547 |
| R-squared | 0.31 | |||
| Prob>F | 0.00 | |||
| Model 1 | Model 2 | |||
|---|---|---|---|---|
| OLS | Robust | |||
| No. of investors | Coef. | Std. Err. | Coef. | Std. Err. |
| All male | 0.87291 | 0.382562 | 0.87291 | 0.202693 |
| All female | −0.8588 | 0.368449 | −0.8588 | 0.192098 |
| Both | 0.09302 | 0.421521 | 0.09302 | 0.226852 |
| Advisor | 0.17155 | 0.051308 | 0.17155 | 0.031576 |
| Brazil | 0.067655 | 0.179014 | 0.067655 | 0.392463 |
| Chile | 0.235612 | 0.193417 | 0.235612 | 0.102664 |
| Mexico | 0.247425 | 0.123462 | 0.247425 | 0.076523 |
| Video | 0.6155686 | 0.084496 | 0.6155686 | 0.049104 |
| Industry | 0.0158793 | 0.341039 | 0.0158793 | 0.201195 |
| Firm age | 0.2407862 | 0.166631 | 0.2407862 | 0.091752 |
| 0.0103997 | 0.011748 | 0.0103997 | 0.010636 | |
| Equity offered | 0.4588233 | 0.168305 | 0.4588233 | 0.119946 |
| Finance info | 0.3747242 | 0.053553 | 0.3747242 | 0.023871 |
| Fundraising goal | 0.0008525 | 0.000268 | 0.0008525 | 0.000034 |
| _cons | 0.8474284 | 0.124284 | 0.8474284 | 0.075547 |
| 0.31 | ||||
| Prob>F | 0.00 | |||
Notes:
(*) Significant at the p < 0.05, (**) Significant at the p < 0.1, Obs: 492
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