Table 7 Robustness checks (group regression results).

From: Unraveling the impact of social media on accounting information disclosure: does government supervision matter?

	Model
	①		②		③		④		⑤		⑥
	AID		AID		AID		AID		AID		AID
	State -owned	Non-state -owned	State -owned	Non-state-owned	State -owned	Non-state-owned	State -owned	Non-state -owned	State -owned	Non-state -owned	State -owned	Non-state -owned
Ln(1+Media)	0.2065*** (0.067)	0.5917** (0.032)					0.3665*** (0.378)	2.0578* (0.039)
Ln(1+Media) × GOV							0.0453** (0.689)	0.3860 (0.125)
Ln(1+Media1)			0.1998*** (0.076)	0.3798 (0.153)					0.3848*** (0.350)	1.5149 (0.107)
Ln(1+Media1) × GOV									0.0525* (0.640)	0.3051 (0.208)
Ln(1+Media2)					0.2284*** (0.029)	0.4997** (0.044)					0.3717*** (0.326)	1.8959** (0.035)
Ln(1+Media2) × GOV											0.0407** (0.693)	0.3623 (0.106)
Controls	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control
YEAR/INDUST	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control	Control
Chow Test	2.01		2.01		1.98		1.91		1.92		1.95
P	0.0015		0.0015		0.0018		0.0032		0.0028		0.0023
R²	0.597	0.201	0.603	0.198	0.597	0.190	0.594	0.207	0.600	0.205	0.594	0.192
N	2540	2294	2540	2294	2540	2294	2540	2294	2540	2294	2540	2294

*** p < 0.01, ** p < 0.05, * p < 0.1.

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