Financial regulatory constraints		Unstandardized Coefficients		Standardized coefficients	T	Sig.
Financial regulatory constraints		B	Std. Error	Beta	T	Sig.
1	(Constant)	4.342	0.253		17.181	0.000*
	Taxation	−0.119	0.024	−0.313	−4.875	0.000*
	Bureaucratic requirement	0.020	0.022	0.057	0.885	0.377
	Commencement cost	−0.026	0.023	−0.074	−1.123	0.263
	Legal claims cost	0.039	0.032	0.080	1.220	0.224
	Market information	0.087	0.028	0.209	3.063	0.002*
	Collateral requirement	0.080	0.030	0.171	2.654	0.009*
	Risk	0.000	0.026	0.000	0.004	0.997