Story perspectives
Financial Resilience Boosts Entrepreneurial Decisions by 32.9%
10/26/2025
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Story summary
- A study using Probit and Logit models finds that a 1% increase in financial resilience raises the likelihood of entrepreneurial decision-making (EDM) by 32.9%.
- Financial resilience also strengthens risk-taking capacity and social capital, further promoting EDM.
- The study uses instrumental variable methods to address endogeneity and confirms a robust positive relationship between financial resilience and EDM.
