Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 5 Credit constraint and self-generation

From: Firm performance under financial constraints: evidence from sub-Saharan African countries

Variable	Heckman selection model		Two-part model
	Probit	G_sh > 0	Probit	G_sh > 0
Outages(ln)	0.029*	0.011***	0.016	0.011***
	(0.018)	(0.002)	(0.018)	(0.002)
Age(ln)	0.095***	− 0.002	0.110***	0.002)
	(0.038)	(0.005)	(0.038)	(0.005
Constrain₁	− 0.094*	− 0.003	− 0.075	− 0.003
	(0.054)	(0.007)	(0.054)	(0.007)
Small	− 0.446***	0.007	− 0.474***	− 0.006
	(0.061)	(0.008)	(0.068)	(0.007)
Large	0.407***	0.0003	0.415***	0.012
	(0.090)	(0.0.011)	(0.090)	(0.010)
Industry dummy	Yes	No	Yes	Yes
Country dummy	Yes	Yes	Yes	Yes
ρ	− 0.477***
	(0.081)
δ	0.151**
	(0.003)
LR test of indep. eqns (ρ = 0) χ²(1) = 7.2 P > χ² = 0.007

Figures in bracket are standard errors. Constrained₁ is the credit application approach to credit constraint. Compared to the result reported in Table 3, the same estimation strategy is followed except the alternative definition of credit constraint is used
*, **, *** shows significance at 10%, 5% and 1%, respectively

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