Herd Behavior and Its Effects on Default in Chinese Microcredit

Table 6

Results of logistic regression analysis.

	Comprehensive test of coefficients				Summary of model
		Chi square	df	Sig	−2 log likelihood	Cox and snell R square	Nagelkerke R square
Step 1	Step	257.438	12	0.001	1550.232	0.120	0.203
	Bloc	257.438	12	0.001	Results of Hosmer and Lemeshow tests
	Model	257.438	12	0.001	14.584	8	0.068