Table 6 Latent-class conditional logit model regression results

Participation

− 0.617***

(0.089)

1.271***

(0.134)

− 0.342***

(0.077)

Voting rights

− 0.086

(0.115)

0.778***

(0.101)

0.162**

(0.052)

Renewable energy

 0% (reference)

 33%

2.701***

(0.287)

0.515^†

(0.280)

3.890***

(0.168)

 66%

2.488***

(0.275)

1.211***

(0.318)

6.363***

(0.227)

 100%

2.546***

(0.166)

1.215***

(0.198)

3.669***

(0.178)

Price

− 1.960***

(0.192)

− 0.272+

(0.152)

− 0.893***

(0.073)

Impact

− 0.296***

(0.064)

− 0.178*

(0.086)

− 0.533***

(0.054)

Scaling

1.050***

(0.152)

− 0.282***

(0.084)

− 0.153*

(0.064)

Diversification

 None (reference)

 Some

0.324**

(0.100)

− 0.237*

(0.117)

− 0.017

(0.055)

 Much

− 0.317***

(0.087)

− 0.350*

(0.155)

− 0.706***

(0.091)

Profit

 To production projects (reference)

 To members

3.046***

(0.322)

0.784***

(0.159)

0.486***

(0.133)

 To societal projects

0.908***

(0.146)

0.401***

(0.103)

0.325***

(0.094)

Class-probability

0.21

0.12

0.67

Participants

1295

Observations

18,130

Log likelihood

− 7890.4

AIC

15,856.7

BIC

16,153.3