Table 8 The mediating effect of operational risk.
From: Better or worse? Revealing the impact of common institutional ownership on annual report readability
Variables | (1) | (2) | (3) |
|---|---|---|---|
Readability | Risk | Readability | |
Coz3 | −0.673*** (−4.791) | 0.042** (2.362) | −0.651*** (−4.622) |
risk2 | −0.525*** (−10.449) | ||
CVs | Yes | Yes | Yes |
Year fe | Yes | Yes | Yes |
Industry fe | Yes | Yes | Yes |
N | 26663 | 26663 | 26663 |
r2_a | 0.224 | 0.098 | 0.227 |
