Table 5 Replace the explained variable.
From: Consequences of firm-specific stock price crashes on analyst forecasts: Evidence from China
(1) | |
|---|---|
FERROR_P | |
CRASH | −0.040*** |
(−3.638) | |
POST | −0.000 |
(−0.284) | |
CRASH*POST | −0.002** |
(−2.433) | |
SIZE | −0.011*** |
(−2.976) | |
LEV | 0.018*** |
(2.785) | |
ROA | −0.162*** |
(−3.224) | |
INBOARD | −0.017 |
(−1.524) | |
INDENP | −0.024 |
(−0.997) | |
SHRCR | 0.000 |
(0.344) | |
INST | −0.003 |
(−1.049) | |
AUDITFEE | −0.001 |
(−0.591) | |
SOE | 0.007** |
(2.336) | |
COMMITTEE | −0.004 |
(−1.335) | |
BIG4 | −0.001 |
(−0.155) | |
EXP | 0.000 |
(0.461) | |
HORIZON | 0.001*** |
(15.461) | |
SPECIFIC | −0.000 |
(−0.712) | |
TFOLLOWING | −0.000 |
(−1.642) | |
BSIZE | −0.000** |
(−2.139) | |
TEAM | −0.000 |
(−1.588) | |
_cons | 0.341*** |
(3.500) | |
N | 56223.000 |
R2 | 0.664 |
Year | Yes |
Match | Yes |
