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A Systems View Across Time and Space

Table 11 First stage IV-probit, enterprise size where small = 1 and 0 = micro

From: Micro- and small-scale enterprises’ financing preference in line with POH and access to credit: empirical evidence from entrepreneurs in Ethiopia

Variable

Coef.

z

P >|z|

Access to credit

0.7760535

0.67

0.008

Business experience

 − 0.4029653

 − 3.21

0.001

Sectoral engagement

Manufacturing sector as a reference

Trade sector

1.075446

1.91

0.056

Construction sector

0.6824603

1.36

0.174

Service sector

0.8354956

1.61

0.107

Agriculture sector

0.3409372

0.67

0.501

Gender

0.0998092

0.42

0.676

Education

Vocational and university as reference

Secondary

 − 0.0978989

 − 0.36

0.719

Elementary

0.2953994

0.91

0.364

No formal education

0.2434928

0.28

0.780

Location

Assosa Wereda as a reference

Bambasi

0.0458861

0.12

0.902

Menge

 − 0.5074518

 − 1.20

0.232

Homosha

 − 0.5857877

 − 1.13

0.257

Constant

0.532604

0.99

0.321

/athrho

 − 0.1006607

 − 0.76

0.446

/lnsigma

 − 2.051812

 − 36.93

0.000

Rho

 − 0.1003221

  

Sigma

0.1285019

  

Wald test of exogeneity (/athrho = 0): chi2(1) = 0.58 Prob > chi2 = 0.4459