Table 4 Panel Probit marginal effects... | Emerald Publishing

Table 4

Panel Probit marginal effects

Variables		Marginal effects
$c r e d i t$ ⁠: Has access to a line of credit or loan		0.1340*** (0.0385)
$i n f o r m a l c o m p$ ⁠: Competes against informal enterprises		−0.0748** (0.0351)
$fsize_employ :$ Firm size by employment	Small enterprises	0.0206 (0.0556)
$fsize_employ :$ Firm size by employment	Medium and large enterprises	−0.0261 (0.0655)
$f s i z e_l n s a l e s :$ Natural log of annual sales		0.0233** (0.0105)
$l n e x p o r t$ ⁠: Natural log of % of the firm's exports it its total sales		0.0383*** (0.0104)
$l n f o r e i g n$ ⁠: Natural log of % of firm's foreign ownership		−0.0030 (0.0123)
$l n p r o d u c t d i v e r s$ ⁠: Natural log of % of firm’s main product in its total sales (Product diversification)		−0.0876 (0.0697)
$j u d i c i a l$ ⁠: Agree courts are fair and impartial		−0.0015 (0.0345)
$lnfirmage$ ⁠: Natural log of firm age		0.0844*** (0.0281)
$l e g a l$ ⁠: Registration form of the firm	Partnership	−0.0386 (0.0512)
$l e g a l$ ⁠: Registration form of the firm	Company	0.0317 (0.0557)
$p o l i t i c a l$ ⁠: Political instability is an obstacle		0.0480 (0.0484)
$t a x$ ⁠: Taxation is an obstacle		−0.0172 (0.0448)
$s u b s e c t o r$ ⁠: Firms technological intensity based on UNIDO classification	Medium technology	−0.0842 (0.0691)
	Low technology	−0.1150** (0.0466)
Observations		666

Variables		Marginal effects
$c r e d i t$ : Has access to a line of credit or loan		0.1340*** (0.0385)
$i n f o r m a l c o m p$ : Competes against informal enterprises		−0.0748** (0.0351)
$fsize_employ :$ Firm size by employment	Small enterprises	0.0206 (0.0556)
$fsize_employ :$ Firm size by employment	Medium and large enterprises	−0.0261 (0.0655)
$f s i z e_l n s a l e s :$ Natural log of annual sales		0.0233** (0.0105)
$l n e x p o r t$ : Natural log of % of the firm's exports it its total sales		0.0383*** (0.0104)
$l n f o r e i g n$ : Natural log of % of firm's foreign ownership		−0.0030 (0.0123)
$l n p r o d u c t d i v e r s$ : Natural log of % of firm’s main product in its total sales (Product diversification)		−0.0876 (0.0697)
$j u d i c i a l$ : Agree courts are fair and impartial		−0.0015 (0.0345)
$lnfirmage$ : Natural log of firm age		0.0844*** (0.0281)
$l e g a l$ : Registration form of the firm	Partnership	−0.0386 (0.0512)
$l e g a l$ : Registration form of the firm	Company	0.0317 (0.0557)
$p o l i t i c a l$ : Political instability is an obstacle		0.0480 (0.0484)
$t a x$ : Taxation is an obstacle		−0.0172 (0.0448)
$s u b s e c t o r$ : Firms technological intensity based on UNIDO classification	Medium technology	−0.0842 (0.0691)
	Low technology	−0.1150** (0.0466)
Observations		666

Note(s): Standard errors in parentheses ***p < 0.01, **p < 0.05, *p < 0

Source(s): Author’s estimates based on the World Bank enterprise surveys