Table 6. Regression analysis using... | Emerald Publishing

Table 6.

Regression analysis using Probit, Logit and LPMs

	Probit model		Logit model		Linear probability model
Firm survival	Non-robust	Robust	Non-robust	Robust	Non-robust	Robust
Risk	−1.698	−1.698	−3.266	−3.266	−0.491	−0.491
	(2.82)***	(2.39)**	(2.58)***	(−1.86)*	(3.15)***	(3.21)***
Financing	−1.251	−1.251	−2.496	−2.496	−0.376	−0.376
	(2.42)**	(−1.93)*	(2.33)**	−1.59	(2.50)**	(2.25)**
Experience	0.75	0.75	1.651	1.651	0.22	0.22
	−0.91	−0.85	−1.08	−0.88	−0.9	−0.88
Competition	1.11	1.11	2.095	2.095	0.261	0.261
	−1.1	−1.31	−1.2	−1.33	−1.09	−1.44
Compliance	−0.417	−0.417	−1.045	−1.045	−0.102	−0.102
	−0.71	−0.63	−0.93	−0.72	−0.6	−0.57
Choice-expansion	0.178	0.178	0.188	0.188	0.101	0.101
	−0.26	−0.29	−0.16	−0.18	−0.55	−0.63
Lack of adaptability	−0.395	−0.395	−0.776	−0.776	−0.082	−0.082
	−0.71	−0.87	−0.8	−0.93	−0.5	−0.65
_cons	0.09	0.09	0.466	0.466	0.529	0.529
	−0.08	−0.09	−0.23	−0.28	−1.56	−1.91
MLR test (P-value)	0.0233**	–	0.0182**	–	–	–
F-test (p-value)	–	–	–	–	0.038	0.0345**
Pseudo $R^{2}$	0.2955	0.2955	0.3077	0.3077	–	–
R²	–	–	–	–	0.3416	0.3416
N	41	41	41	41	41	41

	Probit model		Logit model		Linear probabilitymodel
Firm survival	Non-robust	Robust	Non-robust	Robust	Non-robust	Robust
Risk	−1.698	−1.698	−3.266	−3.266	−0.491	−0.491
	(2.82)***	(2.39)**	(2.58)***	(−1.86)*	(3.15)***	(3.21)***
Financing	−1.251	−1.251	−2.496	−2.496	−0.376	−0.376
	(2.42)**	(−1.93)*	(2.33)**	−1.59	(2.50)**	(2.25)**
Experience	0.75	0.75	1.651	1.651	0.22	0.22
	−0.91	−0.85	−1.08	−0.88	−0.9	−0.88
Competition	1.11	1.11	2.095	2.095	0.261	0.261
	−1.1	−1.31	−1.2	−1.33	−1.09	−1.44
Compliance	−0.417	−0.417	−1.045	−1.045	−0.102	−0.102
	−0.71	−0.63	−0.93	−0.72	−0.6	−0.57
Choice-expansion	0.178	0.178	0.188	0.188	0.101	0.101
	−0.26	−0.29	−0.16	−0.18	−0.55	−0.63
Lack of adaptability	−0.395	−0.395	−0.776	−0.776	−0.082	−0.082
	−0.71	−0.87	−0.8	−0.93	−0.5	−0.65
_cons	0.09	0.09	0.466	0.466	0.529	0.529
	−0.08	−0.09	−0.23	−0.28	−1.56	−1.91
MLR test (P-value)	0.0233**	–	0.0182**	–	–	–
F-test (p-value)	–	–	–	–	0.038	0.0345**
Pseudo $R^{2}$	0.2955	0.2955	0.3077	0.3077	–	–
R²	–	–	–	–	0.3416	0.3416
N	41	41	41	41	41	41

Notes:

Values in parentheses indicate signification at *p < 0.10; ** p < 0.05; *** p < 0.01 levels

Source: Own elaboration