A Systems View Across Time and Space
Table 6 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 | Gsh > 0 | Probit | Gsh > 0 | |
Outages(ln) | 0.038** | 0.013*** | 0.024* | 0.011*** |
(0.016) | (0.003) | (0.016) | (0.002) | |
Age(ln) | 0.092*** | − 0.003 | 0.111** | − 0.001 |
(0.036) | (0.007) | (0.004) | (0.005) | |
Credit constraint | ||||
Moderate | − 0.073 | − 0.007 | − 0.0743 | − 0.001 |
(0.064) | (0.012) | (0.064) | (0.007) | |
Major | − 0.195*** | − 0.032*** | − 0.199*** | − 0.0218 |
(0.057) | (0.012) | (0.057) | (0.008) | |
Small | − 0.443*** | 0.017 | − 0.461*** | − 0.005 |
(0.056) | (0.011) | (0.056) | (0.007) | |
Large | 0.0393*** | 0.010 | 0.405*** | 0.018** |
(0.080) | (0.014) | (0.080) | (0.009) | |
Industry dummy | Yes | No | Yes | Yes |
Country dummy | Yes | Yes | Yes | Yes |
ρ | − 0.524*** | |||
(0.061) | ||||
δ | 0.222*** | |||
(0.005) | ||||
LR test of indep. eqns (ρ = 0)χ2(1) = 14.63 P > χ2 = 0.000 | ||||