Table 5 Regression results of the impact...

Table 5

Regression results of the impact of content length and the timeliness of corporate response

	(1)		(2)
Variable	Coeff	T-value	Coeff	T-value
Word	0.021***	4.85
Time			−0.0004*	−1.65
Constant	−0.478	−1.55	−0.293	−0.86
Controls	Yes		Yes
Year and Ind	Yes		Yes
N	16,665		14,713
Adj·R²	0.329		0.321
F-test	119.53***		100.63***

	(1)		(2)
Variable	Coeff	T-value	Coeff	T-value
Word	0.021***	4.85
Time			−0.0004*	−1.65
Constant	−0.478	−1.55	−0.293	−0.86
Controls	Yes		Yes
Year and Ind	Yes		Yes
N	16,665		14,713
Adj·R²	0.329		0.321
F-test	119.53***		100.63***

Note(s): This table reports results from OLS regressions of Tfp on Word or Time and control variables. See Table 1 for detailed descriptions of all variables. All specifications include year and industry fixed effects. Standard errors after robust adjustment are clustered at the firm-year level. ***, ** and * indicate statistical significance at the 0.01, 0.05 and 0.10 levels, respectively (two-tailed tests)

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