Additional analysis results
| Variable | DFTA pre-IAS 12 | DFTA post-IAS 12 | DFTL pre-IAS 12 | DFTL post-IAS 12 |
|---|---|---|---|---|
| Random effect | Random effect | Random effect | Random effect | |
| CURAS | 0.208 | −0.128 | 0.258*** | 0.674*** |
| (0.143) | (0.079) | (0.077) | (0.171) | |
| NCURAS | 0.611*** | 0.408** | 0.372** | 0.315 |
| (0.163) | (0.191) | (0.185) | (0.193) | |
| CURLIA | −0.118 | 0.141 | 0.191 | −0.152*** |
| (0.099) | (0.097) | (0.170) | (0.049) | |
| NCURLIA | 0.610*** | 0.517*** | 0.165*** | 0.110 |
| (0.157) | (0.159) | (0.042) | (0.073) | |
| Constant | −0.620 | −0.437 | −0.861 | −0.582 |
| (0.721) | (0.332) | (1.016) | (0.632) | |
| Observations | 565 | 565 | 158 | 158 |
| R-squared | 0.611 | 0.761 | 0.597 | 0.603 |
| Variable | ||||
|---|---|---|---|---|
| 0.208 | −0.128 | 0.258*** | 0.674*** | |
| (0.143) | (0.079) | (0.077) | (0.171) | |
| 0.611*** | 0.408** | 0.372** | 0.315 | |
| (0.163) | (0.191) | (0.185) | (0.193) | |
| −0.118 | 0.141 | 0.191 | −0.152*** | |
| (0.099) | (0.097) | (0.170) | (0.049) | |
| 0.610*** | 0.517*** | 0.165*** | 0.110 | |
| (0.157) | (0.159) | (0.042) | (0.073) | |
| Constant | −0.620 | −0.437 | −0.861 | −0.582 |
| (0.721) | (0.332) | (1.016) | (0.632) | |
| Observations | 565 | 565 | 158 | 158 |
| 0.611 | 0.761 | 0.597 | 0.603 |
Note(s): Robust standard errors in parentheses
***p < 0.01, **p < 0.05 and*p < 0.1
Source(s): Created by author
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