Table 6 Financial literacy and entrepreneurial behavior: Long-term effect.

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

Explained variable

(1)

(2)

(3)

(4)

Entrepre1

Entrepre1

Entrepre2

Entrepre2

Literacy1

0.007** (0.003)

 

0.009* (0.005)

 

Literacy2

 

0.010*** (0.002)

 

0.007* (0.004)

Controls

Yes

Yes

Yes

Yes

Observation

24,409

24,409

3251

3251

Pseudo R2

0.113

0.113

0.053

0.052

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