Table 5 The risk-taking mechanism results.

From: The impact of financial resilience on farmers’ entrepreneurial decision-making

Variable

(1)

(2)

(3)

Explained variable: EDM

Mediating variable: Risk-taking

Explained variable: EDM

FR

0.329***

(0.123)

0.672*

(0.363)

0.244**

(0.109)

Risk-taking

  

0.140***

(0.012)

Individual controls

Yes

Yes

Yes

Household controls

Yes

Yes

Yes

Regional controls

Yes

Yes

Yes

Observations

942

942

942

Adjust_R2

0.027

0.034

0.152

  1. ***, **, and * signify statistical significance at 1%, 5%, and 10% confidence levels, respectively. Standard deviations are reported in parentheses.
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