Table 5. Test results of robustness for... | Emerald Publishing

Table 5.

Test results of robustness for models

Explanatory variables	Model 5	Model 6	Model 7
Drought shock	−1.2550*** (2.7282)	−1.2120*** (2.6448)	−1.1643** (2.1841)
Informal risk-taking network		0.0039** (2.1179)	0.0039** (2.3647)
Formal risk-taking network		0.2638** (2.3629)	0.2545** (2.1989)
Drought shock × informal risk-bearing network			0.1498** (2.3190)
Drought shock × formal risk-bearing network			0.1630** (2.3958)
Control variable	Have	Have	Have
Log-likelihood value	−407.0429	−401.5010	−378.5458
Wald’s χ² test	51.16	64.06	68.58
p-value (prob > χ²)	0.0000	0.0000	0.0000
Pseudo R²	0.7027	0.8205	0.8464

Explanatory variables	Model 5	Model 6	Model 7
Drought shock	−1.2550*** (2.7282)	−1.2120*** (2.6448)	−1.1643** (2.1841)
Informal risk-taking network		0.0039** (2.1179)	0.0039** (2.3647)
Formal risk-taking network		0.2638** (2.3629)	0.2545** (2.1989)
Drought shock × informal risk-bearing network			0.1498** (2.3190)
Drought shock × formal risk-bearing network			0.1630** (2.3958)
Control variable	Have	Have	Have
Log-likelihood value	−407.0429	−401.5010	−378.5458
Wald’s χ² test	51.16	64.06	68.58
p-value (prob > χ²)	0.0000	0.0000	0.0000
Pseudo R²	0.7027	0.8205	0.8464

Notes:

*, ** and *** indicate the significance level of 10, 5 and 1%, respectively, and the value in parentheses is the z-value – the estimation results of other control variables omitted here