Independent variables

Coefficient

(St. error)

P-values

Marginal effect

Age of shop owner in years

−0.7610^***

(0.2891)

0.0001

−0.0014

Age of the business in years

0.0134^***

(0.0050)

0.0012

0.0024

Knowledge of stock management

−1.8992^***

(0.7638)

0.0034

0.4062

Daily sales of the trader

1.0068

Gender of the business operator

1.3489

(0.7897)

1.8927

0.0127

Marital status

−1.2970^**

(0.639)

0.0420

0.1501

Number of years spent schooling

0.1015^***

(0.0012)

0.0015

0.2394

Distance to the nearest supplier office in kilometers

0.0043

(0.0075)

2.0581

0.2301

Ability to use ICT to order goods

2.6781^***

(0.9245)

0.0021

0.5100

Size of the business with the net asset in Ghana Cedis

0.5315

(0.8940)

2.3698

0.1122

Number of employees

0.2110

(0.4881)

3.2587

0.0045

Take records of inflows and outflow of stock

0.0032^*

(0.0013)

0.0789

0.0572

Constant

−0.3544

(4.0258)

1.2458

−

LR Chi-Square (X)

193.96

Pron > Chi-Square

0.00000

Log likelihood

−36.3134457

Pseudo R2

0.71028