Table 7 The impact of risk of a stock... | Emerald Publishing

Table 7

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

$Explained variable$
$DUVOL$
$Variables$	$T - S t a t i s t i c$	$Coefficient$	$Standard Error$	$Probability$
$Constant$	5.86	1.0765	0.1706	0.000
$C - Score$	−4.65	−0.6027	0.1083	0.000
$C - Index$	2.79	0.4801	0.1312	0.001
$Index$	−3.91	−0.3062	0.0582	0.000
$Size$	−7.74	−0.0807	0.0069	0.000
$DTURN$	3.21	0.0132	0.0028	0.000
$MB$	5.49	0.0156	0.0026	0.000
$Sigma$	−2.93	−1.4031	0.4591	0.021
$TOP$	−1.86	−0.0998	0.0663	0.212
$IIH$	4.78	0.4025	0.0684	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
$F - value$			21.43
$T e s t o f g o o d n e s s f i t$
$R$ ²			0.0381
$Adjusted R$ ²			0.0362

$Explained variable$
$DUVOL$
$Variables$	$T - S t a t i s t i c$	$Coefficient$	$Standard Error$	$Probability$
$Constant$	5.86	1.0765	0.1706	0.000
$C - Score$	−4.65	−0.6027	0.1083	0.000
$C - Index$	2.79	0.4801	0.1312	0.001
$Index$	−3.91	−0.3062	0.0582	0.000
$Size$	−7.74	−0.0807	0.0069	0.000
$DTURN$	3.21	0.0132	0.0028	0.000
$MB$	5.49	0.0156	0.0026	0.000
$Sigma$	−2.93	−1.4031	0.4591	0.021
$TOP$	−1.86	−0.0998	0.0663	0.212
$IIH$	4.78	0.4025	0.0684	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
$F - value$			21.43
$T e s t o f g o o d n e s s f i t$
$R$ ²			0.0381
$Adjusted R$ ²			0.0362

Source(s): Table by authors