Regression coefficients on the effect of King IV on EDRS-firm performance relationship
| Regression coefficients | ||
|---|---|---|
| (5)ˆ | (7)ˆ | |
| ROA | TQ | |
| King IV | −134.48*** | −1.7103** |
| ROA | 2.3748 | – |
| TQ | – | 0.6629*** |
| SIZE | 0.9353*** | 0.9502*** |
| DSHARE | −0.2309 | −0.5634 |
| BSHARE | −1.0829 | −1.5439 |
| ISHARE | −0.0137 | −0.0169 |
| LEV | −0.0634 | −0.0909 |
| GRO | 1.0452** | 1.0992*** |
| King IV: ROA | 23.48*** | – |
| King IV: TQ | – | 1.3731*** |
| N (firm-years) | 1,083 | 1,083 |
| R2 m | 0.10 | 0.12 |
| R2 c | 0.34 | 0.35 |
| Regression coefficients | ||
|---|---|---|
| (5)ˆ | (7)ˆ | |
| ROA | TQ | |
| King IV | −134.48*** | −1.7103** |
| ROA | 2.3748 | – |
| TQ | – | 0.6629*** |
| SIZE | 0.9353*** | 0.9502*** |
| DSHARE | −0.2309 | −0.5634 |
| BSHARE | −1.0829 | −1.5439 |
| ISHARE | −0.0137 | −0.0169 |
| LEV | −0.0634 | −0.0909 |
| GRO | 1.0452** | 1.0992*** |
| King IV: ROA | 23.48*** | – |
| King IV: TQ | – | 1.3731*** |
| 1,083 | 1,083 | |
| 0.10 | 0.12 | |
| 0.34 | 0.35 | |
Note(s): ˆRefer to Table A1 in Annexure for the detailed regression analysis. *, ** and *** denote levels of significance at the 10, 5 and 1% levels respectively. R2 m = Measures the variance explained by fixed factors. R2 c = Measures the variance explained by both fixed and random factors
Source(s): Authors’ own creation