Table 2 Summary of variables Name of... | Emerald Publishing

Table 2

Summary of variables

	$Name of variables$	$Symbol of variables$	$Definition of variables$
$The explained variable$	Stock prices breakdown risks	$DUVOL$	It has been calculated based on model (2) and (3)
$The explanatory variables$	Accounting conservatism	$C - Score$	It has been calculated based on model (3) and (4)
$The explanatory variables$	Corporate governance	$Index$	The analysis of principal component of six indicators for corporate governance
$The control variables$	Firms size	$Size$	Natural logarithm of the total assets of listed firms
	Stock prices changes and fluctuation	$Sigma$	Standard deviation of the unique income and returns of the stock $i$ in the current year
	Hand turnover rate	$DTURN$	Stock i turnover rate for the current year – turnover rate of the previous year/turnover rate for the current year
	The ratio of market	$MB$	The value of market/value of book for equity of shareholders
	The shareholding ratio of the largest shareholders	$TOP$	The number of shares which held by the largest shareholder/the total number of shares
	The institutional investors and shareholding ratio	$IIH$	The institutional investors which holdings shares/the total number of all shares

	$Name of variables$	$Symbol of variables$	$Definition of variables$
$The explained variable$	Stock prices breakdown risks	$DUVOL$	It has been calculated based on model (2) and (3)
$The explanatory variables$	Accounting conservatism	$C - Score$	It has been calculated based on model (3) and (4)
$The explanatory variables$	Corporate governance	$Index$	The analysis of principal component of six indicators for corporate governance
$The control variables$	Firms size	$Size$	Natural logarithm of the total assets of listed firms
	Stock prices changes and fluctuation	$Sigma$	Standard deviation of the unique income and returns of the stock $i$ in the current year
	Hand turnover rate	$DTURN$	Stock i turnover rate for the current year – turnover rate of the previous year/turnover rate for the current year
	The ratio of market	$MB$	The value of market/value of book for equity of shareholders
	The shareholding ratio of the largest shareholders	$TOP$	The number of shares which held by the largest shareholder/the total number of shares
	The institutional investors and shareholding ratio	$IIH$	The institutional investors which holdings shares/the total number of all shares

Source(s): Table by authors