Table 8 The findings of robustness check... | Emerald Publishing

Table 8

The findings of robustness check

$Explained variable$
$NCSKEW$
$Variables$	$T - S t a t i s t i c$	$Coefficient$	$Standard Error$	$Probability$
$Constant$	3.41	1.0039	0.1918	0.000
$C - Score$	−4.83	−0.9741	0.1827	0.000
$C - Index$	3.39	0.9875	0.1794	0.000
$Index$	−5.25	−0.5016	0.0807	0.000
$Size$	−5.47	−0.0795	0.0097	0.000
$DTURN$	1.65	0.0106	0.0041	0.023
$MB$	3.54	0.0179	0.0046	0.000
$Sigma$	−2.98	−1.9631	0.6711	0.011
$TOP$	−1.35	−0.1261	0.1012	0.298
$IIH$	4.86	0.5603	0.1024	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
$F - value$			15.63
$T e s t o f g o o d n e s s f i t$
$R$ ²			0.0287
$Adjusted R$ ²			0.0262

$Explained variable$
$NCSKEW$
$Variables$	$T - S t a t i s t i c$	$Coefficient$	$Standard Error$	$Probability$
$Constant$	3.41	1.0039	0.1918	0.000
$C - Score$	−4.83	−0.9741	0.1827	0.000
$C - Index$	3.39	0.9875	0.1794	0.000
$Index$	−5.25	−0.5016	0.0807	0.000
$Size$	−5.47	−0.0795	0.0097	0.000
$DTURN$	1.65	0.0106	0.0041	0.023
$MB$	3.54	0.0179	0.0046	0.000
$Sigma$	−2.98	−1.9631	0.6711	0.011
$TOP$	−1.35	−0.1261	0.1012	0.298
$IIH$	4.86	0.5603	0.1024	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
$F - value$			15.63
$T e s t o f g o o d n e s s f i t$
$R$ ²			0.0287
$Adjusted R$ ²			0.0262

Source(s): Table by authors