Table 4 Determinants of stopping...

Table 4

Determinants of stopping relationship with a bank

	(1)	(2)	(3)	(4)	(5)	(6)	(7)
Variables	Model 1	Model 2	Model 3	Model 4	Marginal effects 4	Model 5	Marginal effects 5
Reputation	0.0252			0.00435	−0.0038	−0.0387	−0.0178
Reputation	(0.131)			(0.134)	(0.051)	(0.139)	(0.048)
Price	0.265**			0.296**	0.110**	0.255*	0.0901*
Price	(0.134)			(0.141)	(0.053)	(0.150)	(0.050)
Location	0.307***			0.315***	0.165***	0.192**	0.616***
Location	(0.118)			(0.118)	(0.045)	(0.126)	(0.141)
Offer Info		0.231		0.179	0.0726	−0.136	−0.0419
Offer Info		(0.232)		(0.239)	(0.091)	(0.260)	(0.087)
Recommend Info		0.183		0.129	0.0524	−0.177	−0.0567
Recommend Info		(0.220)		(0.228)	(0.087)	(0.251)	(0.084)
CFO/Board			−0.216	−0.184	−0.0763	0.107	0.031
CFO/Board			(0.186)	(0.193)	(0.073)	(0.211)	(0.071)
Log Employees						1.084***	0.364***
Log Employees						(0.205)	(0.053)
Log Bank Branches	−0.0274	−0.0208	−0.00275	−0.0159		0.00731
Log Bank Branches	(0.103)	(0.103)	(0.103)	(0.104)		(0.109)
Constant	−0.822	−0.413	−0.126	−0.844		−6.158***
Constant	(0.885)	(0.725)	(0.675)	(0.907)		(1.392)
Observations	200	200	200	200		200

	(1)	(2)	(3)	(4)	(5)	(6)	(7)
Variables	Model 1	Model 2	Model 3	Model 4	Marginal effects 4	Model 5	Marginal effects 5
Reputation	0.0252			0.00435	−0.0038	−0.0387	−0.0178
Reputation	(0.131)			(0.134)	(0.051)	(0.139)	(0.048)
Price	0.265**			0.296**	0.110**	0.255*	0.0901*
Price	(0.134)			(0.141)	(0.053)	(0.150)	(0.050)
Location	0.307***			0.315***	0.165***	0.192**	0.616***
Location	(0.118)			(0.118)	(0.045)	(0.126)	(0.141)
Offer Info		0.231		0.179	0.0726	−0.136	−0.0419
Offer Info		(0.232)		(0.239)	(0.091)	(0.260)	(0.087)
Recommend Info		0.183		0.129	0.0524	−0.177	−0.0567
Recommend Info		(0.220)		(0.228)	(0.087)	(0.251)	(0.084)
CFO/Board			−0.216	−0.184	−0.0763	0.107	0.031
CFO/Board			(0.186)	(0.193)	(0.073)	(0.211)	(0.071)
Log Employees						1.084***	0.364***
Log Employees						(0.205)	(0.053)
Log Bank Branches	−0.0274	−0.0208	−0.00275	−0.0159		0.00731
Log Bank Branches	(0.103)	(0.103)	(0.103)	(0.104)		(0.109)
Constant	−0.822	−0.413	−0.126	−0.844		−6.158***
Constant	(0.885)	(0.725)	(0.675)	(0.907)		(1.392)
Observations	200	200	200	200		200

Note(s):The probit estimation results with dependent variable “Stop” are presented for five different models in the table. The first row of every explanatory variable presents estimation. Marginal Effects for Stopping Relationship with Banks for model 4 & 5 are given in column 5 & 7. The standard errors of the estimation are given in brackets. Table 1 defines every variable

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

Source(s): Authors' own work

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