Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece

Table 3 Binary logistic regression results for business expansion

Do you intend to further expand your existing business activity in the Greek territory?
	Yes	No (base category)
‘First-nature’ geography
Sea access	1.065
Natural resources	0.927
Natural environment	0.975
‘Second-nature’ geography
Proximity to competitors	0.866***
Proximity to the capital	1.087
Country location	1.152***
Institutions
Corruption	1.162
Local governance	0.975
Controls
Tax policy	0.902
Infrastructure	0.874*
Domestic	Base
Foreign	0.963
Manufacturing	Base
Services	0.841
Very small firm	Base
Small firm	0.910
Medium firm	2.070**
Large firm	2.104
Number of Establishments = 1	Base
Number of Establishments > 1	2.540***
Constant		1.541
Observations		557
Wald chi²		59.42
Prob > chi²		0.0000
Pseudo R²		0.0899
Log likelihood		− 348.298