Table VII Analysis of CEO dismissal – H2... | Emerald Publishing

Table VII

Analysis of CEO dismissal – H2

		Model 1		Model 2		Model 3
CEO dismissal		Estimate	p-value	Estimate	p-value	Estimate	p-value
Severity of BS FR	H2	0.868	0.438
Severity of IS FR	H2	1.136	0.017
Great severity of FR	H2			0.063	0.688
FR, which increases income	H2					−0.255	0.184
FR, which does not change income	H2					−0.421	0.045
Separate		0.026	0.813	0.019	0.863	0.028	0.799
Interim		0.036	0.556	0.040	0.518	0.035	0.575
Number of IFRS		−0.097	0.006	−0.046	0.198	−0.035	0.209
No press release		0.106	0.553	−0.212	0.162	−0.231	0.113
Time resolution_FS		0.069	0.408	0.072	0.391	0.039	0.657
Size		−0.001	0.951	−0.004	0.773	−0.003	0.785
ROA		0.603	0.132	0.621	0.125	0.579	0.149
Bankruptcy		−0.276	0.010	−0.351	0.002	−0.414	0.000
FR		0.474	0.002	0.552	0.000	0.674	0.000
Constant		0.783	0.069	0.749	0.037	0.919	0.034
Year fixed effect		Yes		Yes		Yes
Observations		192		192		192

		Model 1		Model 2		Model 3
CEO dismissal		Estimate	p-value	Estimate	p-value	Estimate	p-value
Severity of BS FR	H2	0.868	0.438
Severity of IS FR	H2	1.136	0.017
Great severity of FR	H2			0.063	0.688
FR, which increases income	H2					−0.255	0.184
FR, which does not change income	H2					−0.421	0.045
Separate		0.026	0.813	0.019	0.863	0.028	0.799
Interim		0.036	0.556	0.040	0.518	0.035	0.575
Number of IFRS		−0.097	0.006	−0.046	0.198	−0.035	0.209
No press release		0.106	0.553	−0.212	0.162	−0.231	0.113
Time resolution_FS		0.069	0.408	0.072	0.391	0.039	0.657
Size		−0.001	0.951	−0.004	0.773	−0.003	0.785
ROA		0.603	0.132	0.621	0.125	0.579	0.149
Bankruptcy		−0.276	0.010	−0.351	0.002	−0.414	0.000
FR		0.474	0.002	0.552	0.000	0.674	0.000
Constant		0.783	0.069	0.749	0.037	0.919	0.034
Year fixed effect		Yes		Yes		Yes
Observations		192		192		192