Factors related to information and communication technologies adoption in small businesses in Colombia

Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 3 Results of the logistic model of adoption

Independent variables	Coefficient	Robust standard error	Average marginal effect
Constant	− 2.003696***	0.067779
Gender	− 0.265290***	0.018917	− 0.048914***
Age of Owner	− 0.037696***	0.000708	− 0.006862***
Age of the Company
1 to less than 3 years	0.175720***	0.032287	0.032916***
3 to less than 5 years	0.210822***	0.036705	0.039992***
5 to less than 10 years	0.257914***	0.257914	0.049099***
10 years or more	0.259524***	0.031753	0.047692***
No. of employees	0.177178***	0.011368	0.032256***
No. of ICT equipment	1.290257***	0.019583	0.234898***
Company formality	0.466023***	0.028561	0.092121***
It is associated	0.326954***	0.08185	0.064279***
It is associated to a cooperative	0.589549***	0.081215	0.122216***
ICT adoption rate in the sector	2.569144***	0.075738	0.467727***
Economic Sectors
Industry	1.392114***	0.062054	0.306169***
Commerce	1.277735***	0.059620	0.256952***
Services	1.258394***	0.059682	0.234201***
Main Cities
Bogota	− 0.131601**	0.058064	− 0.023178**
Medellin	0.050909	0.047696	0.009381
Cali	1.068719***	0.043345	0.236354***
Pseudo-R²	26.05
No. of observations	86,969