Number of observations = 22,996

Iterations completed = 5

Log likelihood function = −8759.0379

Degrees of freedom = 35

Chi squared = 349.40

Pseudo R-squared = 0.0196

Prob[ChiSqd > value] = 0.000000

Variables

Marginal Effects

z

P[Z/>z]

Equity Asset

−0.000003

−4.01

0.000

India

−0.0586

−7.98

0.0000

Russia

−0.0523

−5.94

0.000

Brazil

−0.0329

−5.62

0.000

Honk Kong

−0.272

−3.50

0.000

Canada

−0.219

−4.27

0.000

Netherlands

−0.0158

−2.36

0.019

Australia

0.0251

3.31

0.001

Portugal

0.0239

2.35

0.019

China

0.0142

1.66

0.097

Ireland

0.0120

1.88

0.060

Argentina

0.0478

1.59

0.113

Thailand

−0.0131

−1.01

0.312

Italy

−0.0023

−0.28

0.779

Austria

−0.0002

−0.03

0.979

Finland

−0.0001

−0.02

0.981

United Kingdom

0.0012

0.22

0.0824

Sweden

−0.0053

−0.68

0.495

Belgium

0.0095

1.31

0.191

Japan

0.0018

0.29

0.775

Taiwan

−0.0004

−0.05

0.957

Greece

0.0030

0.32

0.749

Norway

0.0076

0.83

0.404

South Africa

0.0151

1.53

0.126

Korea

0.00002

0.00

0.998

Denmark

0.0074

0.82

0.410

Mexico

−0.0017

−0.17

0.868

Spain

0.0043

0.60

0.551

Indonesia

−0.0029

−0.21

0.833

France

−0.0126

−1.62

0.105

Luxembourg

0.0041

0.71

0.477

Chile

−0.0240

−1.62

0.106

Germany

−0.0108

−1.38

0168

Singapore

−0.0005

−0.08

0.940

Switzerland

0.0076

1.25

0.212