Dependent Variables⁺

Coefficient⁺⁺

Robust Std. Error

Z

Marginal Effects

Higher Education

0.4167^**

0.1371

3.04

0.1649

Log sales

0.03262^*

0.0190

1.71

0.0129

Small firm

−0.2595^*

0.1436

−1.81

−0.1029

Large firm

0.6129^*

0.3283

1.87

0.2387

Located in export area

0.4929^**

0.1664

2.96

0.1946

Operated after 2004

−0.4148^***

0.1238

−3.35

−0.1626

Crime severe obstacle

0.3991^*

0.1617

2.47

0.1579

Crime major obstacle

0.5420^**

0.1793

3.02

0.2135

Crime minor obstacle

−0.0417

0.1873

−0.22

−0.0164

Experience loss

0.2813^*

0.1464

1.92

0.1117

Log Likelihood

−294.30

Wald chi2(10)

96.10

Pseud R2

0.1856

Number of observations

526