The results of the study
| Variable | Coefficient | t-statistic | p-value |
|---|---|---|---|
| C | 1.3649 | 3.1581 | 0.0017*** |
| Specialist | 0.0305 | −0.7394 | 0.4583 |
| Audit tenure | 0.0165 | 2.1885 | 0.0291* |
| Audit opinion | −0.0848 | 2.2313 | 0.0261* |
| Audit fee | 0.0865 | 1.7067 | 0.0385* |
| Days to sign | −0.0039 | −6.0147 | 0.0001*** |
| Accruals | 0.0001 | 0.0328 | 0.3738 |
| Firm size | 1.11E-09 | 0.7304 | 0.4649 |
| ROA | −0.0004 | −0.9187 | 0.3585 |
| Divide | 0.0003 | 0.8485 | 0.3980 |
| Firm age | 0.0156 | 4.4725 | 0.0000*** |
| Leverage | −0.0763 | −1.4193 | 0.1564 |
| Loss | 0.0948 | 2.6359 | 0.0086*** |
| Model summary | |||
| F-Limer test (1.564) | Prob (0.168) | F-statistic: 8.1850/Prob F-statistic: 0.0000 | |
| R2: 0.41 | Durbin–Watson state (1.77) | ||
| Breusch–Godfrey (195.39)/Prob: 0.0001 | Industry indicator: yes | ||
| Endogeneity test (TSLS): | Value (59.6512) | Probability (0.0804) | |
| Variable | Coefficient | ||
|---|---|---|---|
| C | 1.3649 | 3.1581 | 0.0017*** |
| Specialist | 0.0305 | −0.7394 | 0.4583 |
| Audit tenure | 0.0165 | 2.1885 | 0.0291* |
| Audit opinion | −0.0848 | 2.2313 | 0.0261* |
| Audit fee | 0.0865 | 1.7067 | 0.0385* |
| Days to sign | −0.0039 | −6.0147 | 0.0001*** |
| Accruals | 0.0001 | 0.0328 | 0.3738 |
| Firm size | 1.11E-09 | 0.7304 | 0.4649 |
| ROA | −0.0004 | −0.9187 | 0.3585 |
| Divide | 0.0003 | 0.8485 | 0.3980 |
| Firm age | 0.0156 | 4.4725 | 0.0000*** |
| Leverage | −0.0763 | −1.4193 | 0.1564 |
| Loss | 0.0948 | 2.6359 | 0.0086*** |
| Model summary | |||
| F-Limer test (1.564) | Prob (0.168) | ||
| Durbin–Watson state (1.77) | |||
| Breusch–Godfrey (195.39)/Prob: 0.0001 | Industry indicator: yes | ||
| Endogeneity test (TSLS): | Value (59.6512) | Probability (0.0804) | |
Notes: *,**,***Significant at 10%, 5% and 1% levels, respectively
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