Table 4 Variable definitions Variables... | Emerald Publishing

Table 4

Variable definitions

Variables	Definition	Expected sign
Dependent
CAR_IFRS-TPCi	The probability that the CAR difference between IFRS and TPC announcements for the specified event windows is positive (1 if positive, 0 otherwise)
Independent
Asym_i	Time lag between IFRS-TPC announcements (days)	–
Cons_i	Requirement to prepare consolidated financial statements (1 if mandatory, 0 otherwise)	+
Size_i	Total assets (in logarithmic form)	+
Lev_i	Total debt/Total assets	+
Prof_i	Return on assets (ROA)	+
Grow_i	Tobin’s Q = Market cap/Total assets	+
PPE_i	Property, Plant, and Equipment/Total assets	–
INTG_i	Intangible assets/Total assets	–

Variables	Definition	Expected sign
Dependent
CAR_IFRS-TPCi	The probability that the CAR difference between IFRS and TPC announcements for the specified event windows is positive (1 if positive, 0 otherwise)
Independent
Asym_i	Time lag between IFRS-TPC announcements (days)	–
Cons_i	Requirement to prepare consolidated financial statements (1 if mandatory, 0 otherwise)	+
Size_i	Total assets (in logarithmic form)	+
Lev_i	Total debt/Total assets	+
Prof_i	Return on assets (ROA)	+
Grow_i	Tobin’s Q = Market cap/Total assets	+
PPE_i	Property, Plant, and Equipment/Total assets	–
INTG_i	Intangible assets/Total assets	–

Note(s): This table presents the definitions of variables used in the logistic regression analysis along with the expected signs of each variable of interest

Source(s): Authors’ own work