Panel EGLS regression results: market value of equity and integrated reporting
| Variable | Unstandardised coefficient | Robust standard error | t-statistic |
|---|---|---|---|
| BVE | 1.1855*** | 0.1409 | 8.4114 |
| EARN | 2.2617*** | 0.5032 | 4.4945 |
| IRSCORE | −51.6254 | 44.3747 | −1.1633 |
| LEV | 3.4892** | 1.6998 | 2.0527 |
| ROE | 78.4227*** | 23.4112 | 3.3497 |
| INDSENS | 74.8227*** | 26.5209 | 2.8212 |
| LOSS | −13.6168 | 9.2760 | −1.4679 |
| LNASSETS | −48.0563*** | 12.7458 | −3.7703 |
| N | 525 | ||
| D-W statistic | 1.294337 | ||
| R2 | 0.3711 | ||
| Adj-R2 | 0.3513 | ||
| F-statistic | 18.7411*** | ||
| Variable | Unstandardised coefficient | Robust standard error | |
|---|---|---|---|
| 1.1855 | 0.1409 | 8.4114 | |
| 2.2617 | 0.5032 | 4.4945 | |
| −51.6254 | 44.3747 | −1.1633 | |
| 3.4892 | 1.6998 | 2.0527 | |
| 78.4227 | 23.4112 | 3.3497 | |
| 74.8227 | 26.5209 | 2.8212 | |
| −13.6168 | 9.2760 | −1.4679 | |
| −48.0563 | 12.7458 | −3.7703 | |
| 525 | |||
| D-W statistic | 1.294337 | ||
| 0.3711 | |||
| Adj- | 0.3513 | ||
| 18.7411 | |||
***, ** and * denote significance at the 1, 5 and 10% levels, respectively