Figure 1.
The flow chart presents two side by side scatter plots. The left plot shows C S R disclosure against interaction between audit committee size and family control. Observed data points are scattered across values from 0 to 6 on the horizontal axis and about 5 to 25 on the vertical axis. A left fit line slopes downward from around 13 at 0 to about 11 at 2. A right fit line slopes upward from about 14 at 3 to about 17 at 6. A dashed vertical line is shown at 3. The right plot shows C S R disclosure against interaction between audit committee size and politically connected firms. Observed data points are scattered across values from 0 to 6 on the horizontal axis and about 0 to 26 on the vertical axis. A left fit line slopes downward from around 13 at 0 to about 11 at 2. A right fit line slopes upward from about 14 at 3 to about 21 at 6. A dashed vertical line is shown at 3.Regression discontinuity design (RDD) plot