Modelling the Effects of Public Support to Small Firms in the UK - paradise Gained?
Table 3: Probit Models for the Probability of Receiving BL Assistance
Equation 1 Equation 2 Equation 3
Coeff. |
T-stat |
Coeff. |
T-stat |
Coeff. |
T-stat | |
Constant____________________ |
-1.0538** |
-2.52 |
-1.0795** |
-2.50 |
-1.0066** |
-3.49 |
Firm Characteristics________ | ||||||
Partnership___________________ |
0.2417 |
1.09 |
0.0545 |
0.22 | ||
Employment in 1996________ |
-0.0026 |
-1.05 |
-0.0030 |
-1.15 |
-0.0034 |
-1.26 |
Turnover Growth 94-96_____ |
-0.0087 |
-0.08 | ||||
Employment Growth 94-96 |
-0.0277 |
-0.25 | ||||
Business Age (yrs)___________ |
0.0076 |
0.57 |
0.0039 |
0.29 | ||
Informational Variables | ||||||
Other BL clients_____________ |
0.4126** |
2.12 |
0.3778* |
1.90 |
0.2998* |
1.68 |
Mailshots from BL__________ |
0.0580 |
0.30 |
0.0892 |
0.45 | ||
Direct Contact from BL______ |
0.8223** |
4.53 |
0.8550** |
4.52 |
0.7879** |
5.10 |
BL Advertising_____________ |
-0.1411 |
-0.73 |
-0.2281 |
-1.14 | ||
Media articles on BL________ |
-0.0299 |
-0.15 |
-0.0526 |
-0.26 | ||
Directed to BL______________ |
-0.1553 |
-0.77 |
-0.1320 |
-0.64 | ||
O-M Characteristics________ | ||||||
Founder in Firm____________ |
-0.1203 |
-0.61 |
-0.1158 |
-0.59 | ||
O-M has significant equity in |
0.0880 |
0.40 |
0.0708 |
0.32 |
0.1686 |
0.86 |
O-M shares power with |
0.4337** |
2.44 |
0.4642** |
2.53 |
0.4244** |
2.53 |
O-M Qualifications - |
0.3499* |
1.71 |
0.4363** |
2.03 |
0.3426* |
1.77 |
O-M Qualifications - |
0.1888 |
0.93 |
0.2913 |
1.41 |
0.2056 |
1.07 |
O-M Age 20-30___________ |
0.8389 |
1.00 | ||||
O-M Age 40-50___________ |
0.2193 |
1.28 |
0.2696 |
1.53 |
0.1904 |
1.19 |
Large/Small Firm Experience.__________________ |
-0.2152 |
-1.60 |
-0.1563 |
-1.13 |
-0.2300* |
-1.82 |
Number of observations______ |
290 |
274 |
310 | |||
Chi Square (9-18)____________ |
49.70 |
46.83 |
48.46 | |||
% Correct Predictions________ |
68.6 |
67.8 |
67.4 | |||
Log Likelihood_____________ |
-172.16 |
-162.95 |
-186.59 | |||
Restricted Log Likelihood |
-197.02 |
-186.37 |
-210.82 |
Notes: The dependent variable in each Probit model is a 0/1 variable. O indicates that the firm did not
receive BL assistance (i.e. controls); 1 indicates that the firm did receive BL assistance (i.e.
actions). Statistically significant variables are denoted as follows: ** denotes variables
significant at the 5 per cent level; * denotes significance at 10 per cent.
Stephen Roper and Mark Hart
15
More intriguing information
1. Computational Experiments with the Fuzzy Love and Romance2. Ein pragmatisierter Kalkul des naturlichen Schlieβens nebst Metatheorie
3. The name is absent
4. Migrant Business Networks and FDI
5. Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)
6. Markets for Influence
7. STIMULATING COOPERATION AMONG FARMERS IN A POST-SOCIALIST ECONOMY: LESSONS FROM A PUBLIC-PRIVATE MARKETING PARTNERSHIP IN POLAND
8. The Complexity Era in Economics
9. Benefits of travel time savings for freight transportation : beyond the costs
10. The name is absent