Table 9 Time to profitability
From: Entrepreneurial, institutional and financial strategies for FinTech profitability
Variables | Test of proportional-hazards assumption | Cox regression model |
|---|---|---|
Rho (p value) | Hazard ratio | |
Entrepreneurship | 0.115 | 0.645* |
(0.178) | (0.152) | |
Single entrepreneur | − 0.043 | 1.516*** |
(0.635) | (0.205) | |
Born mobile app | 0.117 | 1.353 |
(0.144) | (0.404) | |
Born tech cluster | 0.028 | 0.645*** |
(0.746) | (0.104) | |
Born accelerator | 0.034 | 1.660** |
(0.837) | (0.401) | |
Initial seed capital | 0.126 | 1.495** |
(0.220) | (0.301) | |
Initial venture capital | 0.024 | 0.869 |
(0.859) | (0.219) | |
Equity finance | − 0.024 | 1.725 |
(0.802) | (0.999) | |
Investment | − 0.114 | 1.569 |
(0.214) | (0.964) | |
Personal finance | − 0.043 | 0.693 |
(0.644) | (0.535) | |
Lending | − 0.010 | 1.468 |
(0.913) | (0.843) | |
Neobank | − 0.036 | 4.195** |
(0.702) | (2.514) | |
Payments | − 0.045 | 1.457 |
(0.638) | (0.856) | |
Currencies | − 0.117 | 1.350 |
(0.137) | (0.973) | |
Financial product distribution | 0.015 | 0.762 |
(0.879) | (0.473) | |
Business consultancy | − 0.028 | 1.651 |
(0.765) | (0.966) | |
Financial Infrastructure | − 0.018 | 2.099 |
(0.850) | (1.226) | |
Global test (p value) | 0.7311 | – |
Observations | – | 170 |
Clustered standard errors | – | FinTech |