Panel regression analysis
| Variablesa | Coef. |
|---|---|
| BSIZEi,t | −0.009 |
| INDBDi,t | −0.025* |
| CEOCHAIRi,t | 0.075** |
| BMEETi,t | 0.004 |
| BFAEXPi,t | 0.033*** |
| AUDCSIZEi,t | −0.043 |
| NINDACi,t | 0.01 |
| ACMEETi,t | −0.004 |
| ACFEXPi,t | −0.004 |
| LEVi,t | 0.285*** |
| BIG4i,t | 0.120** |
| FSIZEi,t | 0.029*** |
| GROWTHi,t | 0.021 |
| Prob>χ2 | 0.000 |
| R2 | 0.765 |
| N | 210 |
| Variablesa | Coef. |
|---|---|
| BSIZE | −0.009 |
| INDBD | −0.025* |
| CEOCHAIR | 0.075** |
| BMEET | 0.004 |
| BFAEXP | 0.033*** |
| AUDCSIZE | −0.043 |
| NINDAC | 0.01 |
| ACMEET | −0.004 |
| ACFEXP | −0.004 |
| LEV | 0.285*** |
| BIG4 | 0.120** |
| FSIZE | 0.029*** |
| GROWTH | 0.021 |
| Prob> | 0.000 |
| 0.765 | |
| 210 |
Notes: aDefinitions of these variables are indicated under Table III. *p<0.10; **p<0.05; ***p<0.01
Source: Author constructed
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