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Table 5 Perceptions of traders’ interactions with brokers and other traders. Percentages are reported in the Likert Scale and t test is used to assess differences in perceptions between firms  that were registered and those that were not

From: Performance, behaviour and organization of maize trading in Malawi

Statement Strongly disagree Disagree Neutral Agree Strongly agree Firm registration
(1) (2) (3) (4) (5) Unregistered Registered Difference t test
Broker has better access to market information 2 2 10 49 35 4.15 4.07 .08 .53
Broker acts as guarantor 2 15 35 43 5 3.33 3.33 0 0
Broker has more contacts 1 2 14 62 22 4.03 3.9 .13 1.03
Broker identifies good quality 2 11 20 49 19 3.72 3.69 .03 .19
I have no choice 3 21 38 32 6 .23 2.93 .3 1.83
Broker gives business advice 3 21 24 45 5 3.35 3.19 .23 1.31
It’s less costly to work with broker 4 16 31 42 6 3.42 3 .42 2.5
I trade with partners I know well 4 30 26 34 6 3.18 2.74 .44 2.47
I know the market well enough 1 1 19 55 24 4.02 3.93 .09 .71
Brokers cheat on prices 3 2 12 58 24 3.99 3.98 .02 .11
I want to save commission fees 1 8 35 51 5 3.5 3.43 .10 .75
I do not need a quick transaction 5 28 35 27 4 3.01 2.83 .18 1.06
I had a disagreement with the broker 1 10 17 53 19 3.77 3.81 − .03 − .20