Table 9.
Financial Vulnerability Determinants Household: Financial Margin (IFLS). This table show panel regression of financial margin using IFLS data set 1993, 1997, 2000, 2007, and 2014. The determinant is divided by household financial characteristics, financial attitudes (dummy of saving and debt ownership), social characteristic such as gender of head of household, dummy electricity access and etcetera. Regional characteristic (java and rural area) and based on shock characteristics such as decrease of number of household’s member and harvest failure dummy. We report coefficient and Standard deviation (SD) Significance level ∗∗∗p < 0.01, ∗∗p < 0.05, ∗p < 0.1.
| Dependent Variables: Financial Margin (Log) | Coefficient | SD |
| Household Financial Characteristics: | ||
| Non-Business Fixed Asset Value Owned by household (million rupiahs) | 0.003∗∗∗ | (0.000) |
| Non-Business Animals Owned by household (million rupiahs) | 0.009 | (0.162) |
| Non-Business Receivables Owned by household (million rupiah) | 0.004∗∗∗ | (0.004) |
| Non-Business Jewelry Owned by household (million rupiah) | 0.032∗∗∗ | (0.000) |
| Agricultural Business Asset Value Owned by household (million rupiahs) | 0.001∗∗∗ | (0.000) |
| Non-Agricultural Business Asset Value Owned by household (million rupiahs) | 0.001∗∗∗ | (0.000) |
| Household Financial Attitudes: | ||
| Savings Ownership Dummy | 0.437∗∗∗ | (0.000) |
| Debt Ownership Dummy | −0.241∗∗∗ | (0.000) |
| Social Characteristics: | ||
| Employee Household Budget | 0.333∗∗∗ | (0.000) |
| Electricity Access Dummy | 0.878∗∗∗ | (0.000) |
| Male Household leader Dummy | −0.032 | (0.177) |
| Year of Education of Head of Household | 0.079∗∗∗ | (0.000) |
| Head of Household Field of Occupation: Agriculture, Mining, and Excavation | 0.617∗∗∗ | (0.000) |
| Head of Household Field of Entrepreneurship: Manufacturing Industry, Processing, and Construction | 0.770∗∗∗ | (0.000) |
| Regional Characteristics: | ||
| Java Dummy | −0.151∗∗∗ | (0.000) |
| Rural Dummy | 0.595∗∗∗ | (0.000) |
| Shock Characteristics: | ||
| Deceased or Sick Household Members Dummy | −0.339∗∗∗ | (0.000) |
| Harvest Failure Dummy | −0.317∗∗∗ | (0.000) |
| Constants | 12.90∗∗∗ | (0.000) |
| Total Observation (household) | 7.900 (2.802) | |