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A Systems View Across Time and Space

Table 12 Second stage probit: enterprise’s access to credit yes = 1 and no = 0

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|

Business Experience

0.7231269

2.22

0.026

Enterprise size

0.7541259

1.70

0.090

Sectoral engagement

Manufacturing sector as a reference

Trade sector

0.3925442

0.33

0.743

Construction sector

 − 0.3608476

 − 0.40

0.688

Service sector

0.8627145

0.83

0.406

Agriculture sector

 − 0.0308395

 − 0.03

0.972

Collateral

0.1644788

0.17

0.867

Gender

 − 0.9507408

 − 1.08

0.282

Education

Vocational and university as reference

Secondary

 − 0.8487665

 − 1.62

0.106

Elementary

 − 0.1442227

 − 0.27

0.789

No formal education

0.9305616

0.69

0.487

Interest rate

 − 0.9658867

 − 2.52

0.012

Loan repayment period

 − 0.8612572

 − 1.60

0.110

Financial report

1.588894

3.33

0.001

Lending procedure

0.3281761

0.69

0.491

Formal registration

0.5670824

1.46

0.144

Business plan

0.9532479

1.99

0.047

Location

Assosa Wereda as a reference

Bambasi

1.047531

1.81

0.071

Menge

0.7714974

1.21

0.225

Homosha

0.2143832

0.26

0.798

Number of institutions

0.0998386

0.21

0.832

Inverse mills ratio

 − 2.077474

 − 1.27

0.203

Constant

0.9660338

0.28

0.780