Table 11 CLM analysis weighted for age categories

Participation

0.064^†

(0.034)

0.064^†

(0.034)

− 0.071

(0.062)

Voting rights

0.247***

(0.029)

0.247***

(0.029)

0.177**

(0.056)

Renewable energy [RE]

 0% (reference)

 33%

2.351***

(0.077)

 66%

3.776***

(0.086)

 100%

2.546***

(0.065)

RE

2.237***

(0.129)

1.633***

(0.142)

RE²

0.402***

(0.092)

0.066

(0.096)

RE³

− 0.288***

(0.022)

− 0.209***

(0.023)

Price

− 0.721***

(0.040)

− 0.721***

(0.040)

− 0.369***

(0.049)

Impact

− 0.403***

(0.025)

− 0.403***

(0.025)

− 0.358***

(0.052)

Scaling

0.120***

(0.028)

0.120***

(0.028)

0.314***

(0.056)

Diversification

 None (reference)

 Some

− 0.096***

(0.028)

− 0.096***

(0.029)

− 0.134***

(0.030)

 Much

− 0.320***

(0.040)

− 0.320***

(0.040)

− 0.473***

(0.073)

Profit

 To production projects (reference)

 To members

0.776***

(0.059)

0.776***

(0.059)

0.202**

(0.073)

 To societal projects

0.414***

(0.039)

0.414***

(0.039)

0.321***

(0.061)

Ecological motives \(\times\) RE

0.022***

(0.001)

Ecological motives \(\times\) much diversification

0.002

(0.002)

Social motives \(\times\) participation

0.009***

(0.002)

Social motives \(\times\) voting rights

0.001

(0.002)

Social motives \(\times\) impact

0.003

(0.002)

Social motives \(\times\) scaling

− 0.007**

(0.002)

Social motives \(\times\) profit to societal projects

0.001

(0.002)

Societal motives \(\times\) participation

0.001

(0.002)

Societal motives \(\times\) voting rights

0.004*

(0.002)

Societal motives \(\times\) impact

− 0.005*

(0.002)

Societal motives \(\times\) scaling

− 0.007***

(0.002)

Societal motives \(\times\) profit to societal projects

0.006**

(0.002)

Financial motives \(\times\) price

− 0.018***

(0.001)

Financial motives \(\times\) profit to members

0.028***

(0.002)

Participants

1295

1295

1295

Observations

36,260

36,260

36,260

Log likelihood

− 8326.4

− 8326.4

− 7806.9

AIC

16,676.82

16,676.82

15,665.89