Table 5 Regression results for the 2020... | Emerald Publishing

Table 5

Regression results for the 2020 COVID-19 year

N companies = 248	Single effect of COVID-19 extension Rˆ2 = 0.77				Moderating effect of COVID 19 extension Rˆ2 = 0.78
	Estimate	Standard error	t-value	p-value	Estimate	Standard error	t-value	p-value
Intercept	−2.106	0.393	−5.36	<0.01 ***	−2.306	0.448	−5.15	<0.01 ***
TENURE	−0.002	0.023	0.10	0.92	−0.010	0.024	0.40	0.69
COVID19	−0.043	0.023	1.88	0.06	0.327	0.448	−0.73	0.47
ASSETS	0.617	0.027	23.05	<0.01 ***	0.628	0.027	23.05	<0.01 ***
INVREC	0.005	0.001	5.79	<0.01 ***	0.005	0.001	5.59	<0.01 ***
LAG	0.797	0.154	5.16	<0.01 ***	0.865	0.181	4.77	<0.01 ***
BUSY	0.026	0.022	−1.15	0.25	0.010	0.023	−0.44	0.66
ROA	−0.000	0.001	−0.12	0.91	0.000	0.002	0.23	0.82
BIG4	0.079	0.030	−2.64	0.01**	0.088	0.032	−2.72	0.01**
COVID19*TENURE					−0.006	0.024	−0.26	0.79
COVID19*ASSETS					−0.032	0.027	1.17	0.24
COVID19*INVREC					0.001	0.001	−1.43	0.15
COVID19*LAG					−0.100	0.181	0.55	0.58
COVID19*BUSY					0.059	0.023	2.52	0.01**
COVID19*ROA					−0.002	0.002	1.01	0.31
COVID19*BIG4					0.011	0.032	0.35	0.72

N companies = 248	Single effect of COVID-19 extensionRˆ2 = 0.77				Moderating effect of COVID 19 extensionRˆ2 = 0.78
	Estimate	Standard error	t-value	p-value	Estimate	Standard error	t-value	p-value
Intercept	−2.106	0.393	−5.36	<0.01 ***	−2.306	0.448	−5.15	<0.01 ***
TENURE	−0.002	0.023	0.10	0.92	−0.010	0.024	0.40	0.69
COVID19	−0.043	0.023	1.88	0.06	0.327	0.448	−0.73	0.47
ASSETS	0.617	0.027	23.05	<0.01 ***	0.628	0.027	23.05	<0.01 ***
INVREC	0.005	0.001	5.79	<0.01 ***	0.005	0.001	5.59	<0.01 ***
LAG	0.797	0.154	5.16	<0.01 ***	0.865	0.181	4.77	<0.01 ***
BUSY	0.026	0.022	−1.15	0.25	0.010	0.023	−0.44	0.66
ROA	−0.000	0.001	−0.12	0.91	0.000	0.002	0.23	0.82
BIG4	0.079	0.030	−2.64	0.01**	0.088	0.032	−2.72	0.01**
COVID19*TENURE					−0.006	0.024	−0.26	0.79
COVID19*ASSETS					−0.032	0.027	1.17	0.24
COVID19*INVREC					0.001	0.001	−1.43	0.15
COVID19*LAG					−0.100	0.181	0.55	0.58
COVID19*BUSY					0.059	0.023	2.52	0.01**
COVID19*ROA					−0.002	0.002	1.01	0.31
COVID19*BIG4					0.011	0.032	0.35	0.72

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

Source(s): Authors’ own creation