Table 3 Probit model estimates of the determinant of membership in fisher group

AGE

0.01

(0.01)

0.00

(0.00)

0.01

(0.01)

0.00

(0.00)

EXPERIENCE

0.03**

(0.01)

0.01**

(0.00)

0.03**

(0.01)

0.01**

(0.00)

EDUCYEAR

0.04*

(0.02)

0.01*

(0.01)

0.04*

(0.02)

0.01*

(0.01)

REPEAT

 − 0.34

(0.35)

 − 0.08

(0.08)

 − 0.34

(0.35)

 − 0.08

(0.08)

FEMLABSHR

 − 0.13*

(0.07)

 − 0.03*

(0.02)

 − 0.13*

(0.07)

 − 0.03*

(0.02)

FEMAS

0.71***

(0.21)

0.17***

(0.05)

0.70***

(0.21)

0.16***

(0.05)

AKWA-IBOM

 − 1.07***

(0.37)

 − 0.25***

(0.08)

 − 1.06***

(0.37)

 − 0.25***

(0.09)

ONDO

 − 1.01***

(0.23)

 − 0.24***

(0.05)

 − 1.01***

(0.23)

 − 0.24***

(0.05)

MOBILE

0.28

(0.32)

0.07

(0.08)

0.28

(0.32)

0.07

(0.08)

EXTENSION

0.38

(0.47)

0.09

(0.11)

0.37

(0.50)

0.09

(0.12)

CREDIT

0.21

(0.23)

0.05

(0.05)

0.19

(0.23)

0.05

(0.05)

CUSTOMERS

 − 0.11**

(0.05)

 − 0.03**

(0.01)

 − 0.11**

(0.05)

 − 0.03**

(0.01)

SHOCK

 − 0.15

(0.23)

 − 0.04

(0.05)

 − 0.15

(0.23)

 − 0.04

(0.05)

TAROAD

0.73**

(0.30)

0.17**

(0.07)

0.72**

(0.30)

0.17**

(0.07)

LEADER

 − 0.34

(0.29)

 − 0.08

(0.07)

 − 0.33

(0.29)

 − 0.08

(0.07)

COOP

0.55**

(0.26)

0.13**

(0.06)

0.54**

(0.26)

0.13**

(0.06)

EXTENSION residual

0.16

(0.27)

0.17

(0.28)

CREDIT residual

 − 0.04

(0.35)

0.03

(0.36)

Constant

 − 1.50**

(0.60)

 − 1.49**

(0.61)

Log-likelihood

 − 149.15

 − 148.72

LR chi2(18)

112.86

105.77

Number of obs

353

350