Table 7. Regression model for enterprises that do not exit under a 50% systemic shock scenario (Corrected Akaike’s Information Criterion score = 49.31).


Variable 
B 
S.E. 
Wald 
Sig. 
Odds Ratio 

Human capital measured as the confidence of owners and managers in the
ability of an enterprises’ key staff to successfully adapt to future
changes 
1.764 
0.784 
5.02 
0.03* 
5.79 
Enterprise age in years (natural logarithm) 
0.7081 
0.413 
2.93 
0.09 
2.03 
Constant 
9.575 
3.35 
7.73 
0.05 
0.00 


* = p value of < 0.05
