Different types of non-financial misconduct and audit fees
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
| LAF | LAF | LAF | LAF | LAF | LAF | LAF | LAF | LAF | LAF | |
| LNPEN_Labor | 0.010*** (6.309) | 0.009*** (5.530) | ||||||||
| LNPEN_Consumer | 0.012*** (3.850) | 0.008*** (2.770) | ||||||||
| LNPEN_Environment | 0.010*** (4.758) | 0.007*** (3.570) | ||||||||
| LNPEN_Other | 0.014*** (6.890) | 0.012*** (6.165) | ||||||||
| LNNUM_Labor | 0.111*** (6.078) | 0.092*** (5.243) | ||||||||
| LNNUM_Consumer | 0.210*** (3.805) | 0.139*** (2.622) | ||||||||
| LNNUM_Environment | 0.119*** (4.839) | 0.074*** (3.261) | ||||||||
| LNNUM_Other | 0.265*** (6.713) | 0.233*** (6.047) | ||||||||
| Intercept | 10.447*** (59.032) | 10.404*** (55.449) | 10.332*** (51.430) | 10.434*** (56.175) | 10.475*** (57.203) | 10.466*** (58.471) | 10.403*** (55.438) | 10.335*** (55.232) | 10.434*** (56.153) | 10.495*** (59.502) |
| Control variables | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Year and industry FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| N | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 |
| Adjusted R2 | 0.793 | 0.791 | 0.792 | 0.792 | 0.795 | 0.794 | 0.791 | 0.792 | 0.792 | 0.795 |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
|---|---|---|---|---|---|---|---|---|---|---|
| LNPEN_Labor | 0.010 | 0.009 | ||||||||
| LNPEN_Consumer | 0.012 | 0.008 | ||||||||
| LNPEN_Environment | 0.010 | 0.007 | ||||||||
| LNPEN_Other | 0.014 | 0.012 | ||||||||
| LNNUM_Labor | 0.111 | 0.092 | ||||||||
| LNNUM_Consumer | 0.210 | 0.139 | ||||||||
| LNNUM_Environment | 0.119 | 0.074 | ||||||||
| LNNUM_Other | 0.265 | 0.233 | ||||||||
| Intercept | 10.447 | 10.404 | 10.332 | 10.434 | 10.475 | 10.466 | 10.403 | 10.335 | 10.434 | 10.495 |
| Control variables | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Year and industry | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | 10,233 | |
| Adjusted | 0.793 | 0.791 | 0.792 | 0.792 | 0.795 | 0.794 | 0.791 | 0.792 | 0.792 | 0.795 |
*, ** and *** indicate significance (two-tailed) at 0.10, 0.05 and 0.01 levels, respectively. Standard errors are robust to heteroscedasticity and clustered by firm. The control variables used in Columns 1–8 are obtained from Model 1
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.