Table 3 The relationship between the... | Emerald Publishing

Table 3

The relationship between the decision to appoint external auditor with forensic accounting competences and CEO characteristics

	Logit	Probit
VARIABLES	$E X F A$	$E X F A$
CEOdu	−0.465	−0.347
	[−0.53]	[−0.74]
CEOedu	1.535***	0.744***
	[3.29]	[3.31]
CEOcom	0.192***	0.119***
	[4.30]	[4.55]
CEOage	0.0733***	0.0408***
	[4.58]	[4.59]
Firmsize	0.187*	0.0983
	[1.68]	[1.64]
Firmage	−0.0391	−0.000710
	[−0.13]	[−0.00]
ROI	0.610	0.214
	[0.30]	[0.20]
Assetgrowth	0.151	0.123
	[0.11]	[0.16]
COVID19	0.147	0.0968
	[0.44]	[0.53]
MarketBookValue	0.00225	0.00266
	[0.04]	[0.10]
Constant	−7.632***	−4.275***
	[−3.75]	[−3.77]
Observations	425	425

	Logit	Probit
VARIABLES	$E X F A$	$E X F A$
CEOdu	−0.465	−0.347
	[−0.53]	[−0.74]
CEOedu	1.535***	0.744***
	[3.29]	[3.31]
CEOcom	0.192***	0.119***
	[4.30]	[4.55]
CEOage	0.0733***	0.0408***
	[4.58]	[4.59]
Firmsize	0.187*	0.0983
	[1.68]	[1.64]
Firmage	−0.0391	−0.000710
	[−0.13]	[−0.00]
ROI	0.610	0.214
	[0.30]	[0.20]
Assetgrowth	0.151	0.123
	[0.11]	[0.16]
COVID19	0.147	0.0968
	[0.44]	[0.53]
MarketBookValue	0.00225	0.00266
	[0.04]	[0.10]
Constant	−7.632***	−4.275***
	[−3.75]	[−3.77]
Observations	425	425

Source(s): The authors