Table 10 Logistic regressions with... | Emerald Publishing

Table 10

Logistic regressions with comprehensive investor protection indicators

	Model 1				Model 2
Variable	Coefficient	Wald statistics	Significance	Odds ratio	Coefficient	Wald statistics	Significance	Odds ratio
SIZE	0.000	0.940	0.332	1.000	0.000	0.931	0.335	1.000
MV	0.000	0.001	0.979	1.000	0.000	0.000	0.989	1.000
BOARD	0.061***	13.243	0.000	1.063	0.062***	13.416	0.000	1.064
FLOAT	0.277	0.833	0.361	1.319	0.248	0.670	0.413	1.282
ROA	−0.629***	7.299	0.007	0.533	−9.657**	6.155	0.013	0.000
JUD.IND + STREN.REP [H1(−)]	−0.132***	7.604	0.006	0.877	−0.149***	9.473	0.002	0.862
JUD.IND+STREN.REP * ROA [H2(+)]					0.801**	5.199	0.023	2.229
CONSTANT	−2.577***	21.127	0.000	0.076	−2.372***	17.395	0.000	0.093
No. Observations	5,175				5,175
Nagelkerke R-square	0.018				0.023

	Model 1				Model 2
Variable	Coefficient	Waldstatistics	Significance	Oddsratio	Coefficient	Waldstatistics	Significance	Oddsratio
SIZE	0.000	0.940	0.332	1.000	0.000	0.931	0.335	1.000
MV	0.000	0.001	0.979	1.000	0.000	0.000	0.989	1.000
BOARD	0.061***	13.243	0.000	1.063	0.062***	13.416	0.000	1.064
FLOAT	0.277	0.833	0.361	1.319	0.248	0.670	0.413	1.282
ROA	−0.629***	7.299	0.007	0.533	−9.657**	6.155	0.013	0.000
JUD.IND + STREN.REP [H1(−)]	−0.132***	7.604	0.006	0.877	−0.149***	9.473	0.002	0.862
JUD.IND+STREN.REP * ROA [H2(+)]					0.801**	5.199	0.023	2.229
CONSTANT	−2.577***	21.127	0.000	0.076	−2.372***	17.395	0.000	0.093
No. Observations	5,175				5,175
Nagelkerke R-square	0.018				0.023

Notes:

***Significant at the 0.01 level; **significant at the 0.05 level

Source: Authors’ own work