Table 4 Regression results for the total... | Emerald Publishing

Table 4

Regression results for the total period (2015–2020)

N companies = 269	F(7.1197) = 60.64 p = 0.000 Rˆ2 = 0.26 adjusted Rˆ2 = 0.09
Variables	Standardised coefficient	Estimate	Standard error	t-value	p-value	VIF¹
TENURE	0.004	0.000	0.001	0.221	0.83	1.1
ASSETS	0.722	0.517	0.072	7.201	0.00 ***	1.4
INVREC	0.106	0.003	0.001	2.888	0.00 ***	1.1
LAG	0.027	0.109	0.066	1.650	0.10	1.2
BUSY	−0.014	−0.019	0.053	−0.367	0.71	1.0
ROA	−0.003	−0.000	0.001	−0.286	0.77	1.0
BIG4	0.044	0.071	0.037	1.923	0.05 **	1.3

N companies = 269	F(7.1197) = 60.64 p = 0.000 Rˆ2 = 0.26 adjusted Rˆ2 = 0.09
Variables	Standardised coefficient	Estimate	Standard error	t-value	p-value	VIF¹
TENURE	0.004	0.000	0.001	0.221	0.83	1.1
ASSETS	0.722	0.517	0.072	7.201	0.00 ***	1.4
INVREC	0.106	0.003	0.001	2.888	0.00 ***	1.1
LAG	0.027	0.109	0.066	1.650	0.10	1.2
BUSY	−0.014	−0.019	0.053	−0.367	0.71	1.0
ROA	−0.003	−0.000	0.001	−0.286	0.77	1.0
BIG4	0.044	0.071	0.037	1.923	0.05 **	1.3

Note(s): ***, ** Indicate significance at the 1 and 5% level, respectively

¹

VIF stands for variance inflation factor.

Source(s): Authors’ own creation