Table 9 Measure financial literacy using proxy variables.
From: Knowledge creates value: the role of financial literacy in entrepreneurial behavior
Explained variable | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
Current impact | Long-term impact | Dynamic effect | ||||
Entrepre1 | Entrepre2 | Entrepre1 | Entrepre2 | Entrepre1* | Entrepre2* | |
Attention | 0.014** (0.006) | 0.011* (0.007) | 0.015** (0.007) | 0.011* (0.007) | 0.012*** (0.004) | 0.012* (0.006) |
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 33,749 | 5447 | 24,366 | 3247 | 24,366 | 2223 |
Pseudo R2 | 0.164 | 0.070 | 0.112 | 0.051 | 0.013 | 0.048 |
