Table 7 2SLS analysis Coefficients... | Emerald Publishing

Table 7

2SLS analysis

		Coefficients
		Unstandardized coefficients		Beta	t	Sig
		B	Std. Error
Equation (1)	(Constant)	31.064	9.164		3.390	0.001
	Blockholder ownership	5.757	1.873	0.142	3.074	0.002
	Institutional ownership	9.693	2.823	0.156	3.434	0.001
	Earnings quality	0.020	0.009	0.102	2.299	0.022
	Firm size	−1.346	0.445	−0.142	−3.028	0.003
	Leverage	6.891	3.016	0.106	2.285	0.023
	Firm age	0.042	0.030	0.066	1.420	0.156
					Adj R² = 0.175

		Coefficients
		Unstandardized coefficients		Beta	t	Sig
		B	Std. Error
Equation (1)	(Constant)	31.064	9.164		3.390	0.001
	Blockholder ownership	5.757	1.873	0.142	3.074	0.002
	Institutional ownership	9.693	2.823	0.156	3.434	0.001
	Earnings quality	0.020	0.009	0.102	2.299	0.022
	Firm size	−1.346	0.445	−0.142	−3.028	0.003
	Leverage	6.891	3.016	0.106	2.285	0.023
	Firm age	0.042	0.030	0.066	1.420	0.156
					Adj R² = 0.175

Note(s): ^*Dependent Variable: Financial Reporting Integrity; measured using the Beneish M-Score

Source(s): Table by authors’