Table 4 Logistic regression results of robust test

Constant

3.429

(1.463)

7.739**

(4.297)

Entrepreneur age

− 0.003

(0.007)

− 0.130**

(4.785)

Educational attainment

− 0.262

(0.489)

− 0.163

(0.140)

Marital status

0.645

(0.997)

0.577

(0.591)

Child

− 0.573

(0.401)

− 0.253

(0.069)

Lifestyle

− 0.405

(0.368)

− 0.993

(1.720)

Industry food manufacturing

− 0.520

(0.495)

− 0.539

(0.375)

Industry clothing, shoes and hats manufacturing

− 0.400

(0.270)

− 0.935

(1.209)

Industry art products manufacturing

− 2.010***

(6.869)

− 2.065**

(4.933)

Firm size

0.066

(0.087)

− 0.266

(1.007)

Sales growth rate

− 0.028

(0.840)

− 0.019

(0.304)

Entrepreneurial experience

2.864***

(10.394)

Firm age

1.685**

(4.914)

Cox and Snell R-square

0.093

0.212

Nagelkerke R-square

0.150

0.345