Table 5 The impact of risk of a stock... | Emerald Publishing

Table 5

The impact of risk of a stock prices breakdown caused by accounting conservatism

$Explained variable$
$DUVOL$
$Variables$	$T - S t a t i s t i c$	$Coefficient$	$Standard Error$	$Probability$
$Constant$	6.87	1.3889	0.1742	0.000
$C - Score$	−3.11	−0.1748	0.0523	0.021
$Size$	−8.81	−0.897	0.0072	0.000
$DTURN$	3.25	0.01248	0.0031	0.000
$MB$	5.14	0.0175	0.0028	0.000
$Sigma$	−3.18	−1.6320	−2.91	0.015
$TOP$	−3.78	−0.2745	0.0531	0.001
$IIH$	3.94	0.2316	0.0479	0.000
$T e s t o f m o d e l s i g n i f i c a n c e$
$P - value$			0.000
$F - value$			23.81
$T e s t o f g o o d n e s s f i t$
$R$ ²			0.0326
$Adjusted R$ ²			0.0315

$Explained variable$
$DUVOL$
$Variables$	$T - S t a t i s t i c$	$Coefficient$	$Standard Error$	$Probability$
$Constant$	6.87	1.3889	0.1742	0.000
$C - Score$	−3.11	−0.1748	0.0523	0.021
$Size$	−8.81	−0.897	0.0072	0.000
$DTURN$	3.25	0.01248	0.0031	0.000
$MB$	5.14	0.0175	0.0028	0.000
$Sigma$	−3.18	−1.6320	−2.91	0.015
$TOP$	−3.78	−0.2745	0.0531	0.001
$IIH$	3.94	0.2316	0.0479	0.000
$T e s t o f m o d e l s i g n i f i c a n c e$
$P - value$			0.000
$F - value$			23.81
$T e s t o f g o o d n e s s f i t$
$R$ ²			0.0326
$Adjusted R$ ²			0.0315

Source(s): Table by authors