Table 4 Marginal effects of explanatory variables on firm transition
Variables | PHE | MHE | NHE |
|---|---|---|---|
Finance | |||
 CAPSHOR | 0.00526** (0.00233) | 0.00011 (0.00212) | −0.00537*** (0.00078) |
Firm capabilities | |||
 LINKAGE | −0.04377*** (0.00284) | 0.02147*** (0.00255) | 0.02230*** (0.00116) |
 ASSISTANCE | −0.03355** (0.01523) | 0.03084*** (0.01197) | 0.00271 (0.00424) |
 ACMAINT | −0.31916*** (0.00486) | 0.17300*** (0.00456) | 0.14616*** (0.00300) |
 REGIS | −0.42216*** (0.00258) | 0.30054*** (0.00249) | 0.12162*** (0.00173) |
Locational variables | |||
 LOCATION | −0.08004*** (0.00203) | 0.08471*** (0.00189) | −0.00467*** (0.00075) |
 URBAN | −0.03691*** (0.00251) | 0.02252*** (0.00222) | 0.01439*** (0.00077) |
 TRANSPORT | −0.01718*** (0.00255) | 0.01437*** (0.00238) | 0.00281*** (0.00094) |
 DISTANCE | 0.00004*** (0.00001) | −0.00005*** (0.00001) | 0.00001*** (0.00000) |
Infrastructure and human capital variables | |||
 ELEC | −0.14876*** (0.00264) | 0.11440*** (0.00245) | 0.03437*** (0.00109) |
 SHSCSTPOP | −0.00815 (0.00979) | 0.01014 (0.00912) | −0.00198 (0.00359) |
 PRIMEDU | 0.22778*** (0.01981) | −0.17632*** (0.01807) | −0.05145*** (0.00671) |
 MIDGRADEDU | −0.12498*** (0.01330) | 0.07998*** (0.01195) | 0.04500*** (0.00547) |
 ROADVILLG | −0.21430*** (0.00536) | 0.16279*** (0.00498) | 0.05151*** (0.00200) |
Other controls | |||
 STATUS | −0.11038*** 0.00253) | 0.08483*** (0.00236) | 0.02554*** (0.00099) |