Table 3
Logit Estimation of Factors that Explain Whether the IPO is Backed by a Venture Capitalist or not (n = 267)

Variable
Parameter
Estimate
Standard
Error

Chi-Square

P-value
Odds
Ratio
INTERCEPT
-9.412
2.706
12.096
0.001
–
DEBT
-1.354
0.511
 7.026
0.004
0.258
LnASSETS
 0.502
0.142
12.564
0.000
1.653
SALESD
 0.423
0.261
 2.626
0.053
1.526
MARGIN_RISK
 0.315
0.139
 5.097
0.012
1.370
SALES_RISK
 0.458
0.098
21.804
0.000
1.581
FINANCE_RISK
-0.092
0.113
 0.659
0.208
0.912
INDUSTRY
  0.0001
 0.0001
 0.367
0.272
1.000
AGE
  0.0001
  0.00001
 8.725
0.001
1.000
 c2 (for Covariates)    
66.637
<0.001 
  
Psuedo R2    
 0.376