The impact of board size, ownership structure and independent directors on sales growth
| Variable | Coefficient | t-Statistic | p-values |
|---|---|---|---|
| C | 49.3654 | 1.9995 | 0.0477 |
| Board size | −10.7912 | −1.9932 | 0.041 |
| Ownership structure | 1.72954 | 0.26653 | 0.7903 |
| Independent directors | 6.89124 | 1.0378 | 0.3014 |
| Philanthropy | 0.648599 | 1.995335 | 0.0476 |
| WCM (APP) | −0.06164 | −3.382651 | 0.0011 |
| Variable | Coefficient | ||
|---|---|---|---|
| 49.3654 | 1.9995 | 0.0477 | |
| Board size | −10.7912 | −1.9932 | 0.041 |
| Ownership structure | 1.72954 | 0.26653 | 0.7903 |
| Independent directors | 6.89124 | 1.0378 | 0.3014 |
| Philanthropy | 0.648599 | 1.995335 | 0.0476 |
| WCM (APP) | −0.06164 | −3.382651 | 0.0011 |
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