| Number of observations = 22,996 | Iterations completed = 5 | ||
| Log likelihood function = −13,314.27 | Degrees of freedom = 35 | ||
| Chi squared = 1277.76 | Pseudo R-squared = 0.0458 | ||
| Prob[ChiSqd > value] = 0.000000 |
| ||
| Variables | Marginal Effects | z | P[Z/>z] |
| Equity Asset | 0.00003 | 8.44 | 0.000 |
| Argentina | 0.2288 | 2.70 | 0.007 |
| Brazil | 0.1717 | 18.25 | 0.000 |
| Thailand | 0.0989 | 4.44 | 0.000 |
| Italy | 0.0683 | 5.78 | 0.000 |
| Austria | 0.0544 | 4.40 | 0.000 |
| India | 0.0473 | 3.72 | 0.0000 |
| Finland | 0.0462 | 4.43 | 0.000 |
| United Kingdom | 0.0424 | 5.38 | 0.000 |
| Netherlands | 0.0336 | 3.51 | 0.000 |
| Sweden | 0.0237 | 2.15 | 0.031 |
| Belgium | 0.0232 | 2.37 | 0.018 |
| Japan | −0.0703 | −8.14 | 0.000 |
| China | −0.0661 | −6.11 | 0.000 |
| Australia | −0.0616 | −6.57 | 0.000 |
| Taiwan | −0.0574 | −4.74 | 0.000 |
| Ireland | −0.0536 | −6.57 | 0.000 |
| Greece | −0.0449 | −3.71 | 0.000 |
| Canada | −0.0441 | −6.12 | 0.000 |
| Norway | −0.0409 | −3.54 | 0.000 |
| South Africa | −0.0408 | −3.24 | 0.001 |
| Korea | −0.0353 | −2.70 | 0.007 |
| Denmark | −0.0349 | −2.99 | 0.003 |
| Portugal | −0.0251 | −2.03 | 0.043 |
| Mexico | −0.0222 | −1.71 | 0.087 |
| Spain | −0.0129 | −1.31 | 0.192 |
| Indonesia | −0.0241 | −1.21 | 0.225 |
| France | −0.0163 | −1.51 | 0.131 |
| Honk Kong | 0.0147 | 1.25 | 0.212 |
| Luxembourg | −0.0087 | −1.10 | 0.272 |
| Chile | −0.085 | −0.45 | 0.650 |
| Germany | −0.0065 | −0.61 | 0.545 |
| Singapore | −0.010 | −0.95 | 0.342 |
| Switzerland | 0.0004 | 0.05 | 0.957 |
| Russia | −00153 | −1.13 | 0.260 |