Table 3 Direct relationship regression... | Emerald Publishing

Table 3

Direct relationship regression result

Variable	Expected sign	Coefficient	Std. Err	T-statistic	Prob.
EP	+	0.188	0.028	6.610	0.000
SIZE	+	0.003	0.001	2.770	0.003
ROA	+	0.143	0.029	4.940	0.000
LEV	+	0.018	0.009	2.000	0.023
GROWTH	+	0.009	0.004	1.990	0.024
BETA	–	−0.002	0.004	−0.620	0.268
BIG4	+	0.001	0.004	0.005	0.482
BOARD	–	−0.002	0.008	−0.240	0.405
INDEP	+	0.029	0.027	1.070	0.142
FIRMAGE	–	−0.004	0.005	−0.850	0.199
CONS		−0.076	0.033	−2.320	0.011
F-statistics		18.57			0.000
Adjusted R-squared		0.044

Variable	Expected sign	Coefficient	Std. Err	T-statistic	Prob.
EP	+	0.188	0.028	6.610	0.000
SIZE	+	0.003	0.001	2.770	0.003
ROA	+	0.143	0.029	4.940	0.000
LEV	+	0.018	0.009	2.000	0.023
GROWTH	+	0.009	0.004	1.990	0.024
BETA	–	−0.002	0.004	−0.620	0.268
BIG4	+	0.001	0.004	0.005	0.482
BOARD	–	−0.002	0.008	−0.240	0.405
INDEP	+	0.029	0.027	1.070	0.142
FIRMAGE	–	−0.004	0.005	−0.850	0.199
CONS		−0.076	0.033	−2.320	0.011
F-statistics		18.57			0.000
Adjusted R-squared		0.044

Source(s): Authors' own work