Table 5. Results from the regression... | Emerald Publishing

Table 5.

Results from the regression analysis

Reason for delisting	Debt ratio	Size	Audit costs	Market-to-book ratio	Net profit margin
Acquired	0.12	0.01***	−227.89***	−0.01	0.03
Listing requirements	−0.54***	0.01	1.30***	0.01	0.01
Liquidation	0.18***	0.01***	−0.72	−0.01	−0.04**
Merged	−0.53***	0.01***	0.25	−0.01	0.25
Moved to AltX	−0.55***	−0.01**	2.13***	−0.033	−0.01
Other voluntary	0.03	0.01***	2.04***	−0.01	0.04

Reason for delisting	Debt ratio	Size	Audit costs	Market-to-book ratio	Net profit margin
Acquired	0.12	0.01***	−227.89***	−0.01	0.03
Listing requirements	−0.54***	0.01	1.30***	0.01	0.01
Liquidation	0.18***	0.01***	−0.72	−0.01	−0.04**
Merged	−0.53***	0.01***	0.25	−0.01	0.25
Moved to AltX	−0.55***	−0.01**	2.13***	−0.033	−0.01
Other voluntary	0.03	0.01***	2.04***	−0.01	0.04

Note(s):

*** = denoting significance at the 1% level; and ** = significance at the 5% level

Source(s): Author’s own compilation