Table 8 Robustness check.
From: Knowledge creates value: the role of financial literacy in entrepreneurial behavior
Explained variable | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
Current effect | Long-term effect | Dynamic effect | ||||
Entrepre1 | Entrepre2 | Entrepre1 | Entrepre2 | Entrepre1* | Entrepre2* | |
Dum1 | 0.002 (0.004) | 0.001 (0.013) | 0.004 (0.005) | −0.001 (0.009) | 0.001 (0.003) | −0.002 (0.004) |
Dum3 | −0.007 (0.005) | 0.016 (0.016) | −0.006 (0.006) | −0.013 (0.011) | −0.002 (0.003) | 0.009 (0.005) |
Dum5 | 0.016*** (0.004) | 0.011*** (0.003) | 0.019*** (0.005) | 0.012* (0.006) | 0.011*** (0.003) | 0.011** (0.005) |
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 33802 | 5454 | 24409 | 3251 | 24409 | 2225 |
Pseudo R2 | 0.164 | 0.070 | 0.113 | 0.053 | 0.013 | 0.049 |
