Marginal effects of Probit, Logit and LPMs
| Firm age-rapid phase | Probit | Logit | LPM |
|---|---|---|---|
| Risk | −1.698 (2.82)*** | −3.266 (2.58)*** | −0.491 (3.15)*** |
| Financing | −1.251 (2.42)** | −2.496 (2.33)** | −0.376 (2.50)** |
| Experience | 0.75–0.91 | 1.651–1.08 | 0.22–0.9 |
| Competition | 1.11–1.1 | 2.095–1.2 | 0.261–1.09 |
| Compliance | −0.417–0.71 | −1.045–0.93 | −0.102–0.6 |
| Choice-expansion | 0.178 –0.26 | 0.188–0.16 | 0.101–0.55 |
| Lack of adaptability | −0.395 –0.71 | −0.776–0.8 | −0.082–0.54 |
| _cons | 0.09 –0.08 | 0.466–0.23 | 0.529–1.56 |
| N | 41 | 41 | 41 |
| R2 | – | – | 0.34 |
| Firm age-rapid phase | Probit | Logit | LPM |
|---|---|---|---|
| Risk | −1.698 (2.82)*** | −3.266 (2.58)*** | −0.491 (3.15)*** |
| Financing | −1.251 (2.42)** | −2.496 (2.33)** | −0.376 (2.50)** |
| Experience | 0.75–0.91 | 1.651–1.08 | 0.22–0.9 |
| Competition | 1.11–1.1 | 2.095–1.2 | 0.261–1.09 |
| Compliance | −0.417–0.71 | −1.045–0.93 | −0.102–0.6 |
| Choice-expansion | 0.178 –0.26 | 0.188–0.16 | 0.101–0.55 |
| Lack of adaptability | −0.395 –0.71 | −0.776–0.8 | −0.082–0.54 |
| _cons | 0.09 –0.08 | 0.466–0.23 | 0.529–1.56 |
| 41 | 41 | 41 | |
| – | – | 0.34 |
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