Table 17 Financial education, financial literacy, and entrepreneurial behavior.
From: Knowledge creates value: the role of financial literacy in entrepreneurial behavior
(1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
Entrepre1 | Entrepre2 | Entrepre1 | Entrepre2 | Entrepre1* | Entrepre2* | |
Current effect | Current effect | Dynamic effect | ||||
Panel A | ||||||
Literacy1 | 0.007*** (0.002) | 0.006*** (0.002) | 0.008** (0.003) | 0.010** (0.005) | 0.003* (0.001) | 0.005*** (0.002) |
Literacy1 × Learn | 0.029*** (0.008) | 0.028*** (0.007) | 0.024*** (0.007) | 0.021*** (0.006) | 0.022*** (0.006) | 0.026*** (0.007) |
Learn | 0.046*** (0.014) | 0.021* (0.012) | 0.026*** (0.012) | 0.028** (0.013) | 0.035** (0.018) | 0.029** (0.015) |
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Observation | 33782 | 5451 | 24389 | 3231 | 244389 | 2205 |
Pseudo R2 | 0.164 | 0.071 | 0.104 | 0.061 | 0.114 | 0.062 |
Panel B | ||||||
Literacy2 | 0.008*** (0.002) | 0.012* (0.007) | 0.011*** (0.002) | 0.008* (0.005) | 0.003** (0.001) | 0.004** (0.002) |
Literacy2 × Learn | 0.021* (0.013) | 0.068* (0.039) | 0.025** (0.013) | 0.038** (0.019) | 0.026** (0.012) | 0.028* (0.016) |
Learn | 0.026*** (0.011) | 0.004 (0.032) | 0.019** (0.010) | 0.014 (0.010) | 0.022** (0.010) | 0.015** (0.006) |
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Observation | 33,782 | 5451 | 24,389 | 3231 | 24,389 | 2205 |
Pseudo R2 | 0.164 | 0.071 | 0.132 | 0.021 | 0.144 | 0.032 |
