Table 15 Robustness test results of the influence of financial education on financial literacy.

From: Knowledge creates value: the role of financial literacy in entrepreneurial behavior

Matching method

Explained variable

ATT

Standard error

T value

Nearest neighbor matching

Literacy1

0.229

0.029

[7.908***]

Radius match

Literacy1

0.764

0.019

[40.304***]

Nuclear match

Literacy1

0.399

0.020

[20.026***]

Nearest neighbor matching

Literacy2

0.151

0.023

[6.645***]

Radius match

Literacy2

0.608

0.013

[47.276***]

Nuclear match

Literacy2

0.312

0.015

[21.349***]

  1. ***, **, and * refer to p < 0.01, p < 0.05, p < 0.1, respectively.