Table 6 The statistical description of matching scores and results of the t-test.

From: Are risk disclosures in financial reports informative? A text mining-based perspective

Matching score

Mean

Median

Variance

Difference test of means (P-value)

Before the subprime crisis

16.32

16.61

1.17

0.00006***

 

During the subprime crisis

17.77

18.11

1.46

0.00017***

After the subprime crisis

15.89

16.22

1.35

 
  1. Notes: Differences in means are determined using a t-test. Statistical significance at the 1% level is indicated by ***, while ** denotes significance at the 5% level.
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