Table 5 Regression results (fixed effects model) direct effect.

From: Mediating role of financial sustainability between board diversity and firms’ resilience: evidence from Saudi listed firms

 

LGS Model 1

SRV Model 2

Variables

Coefficient /stand. error

Coefficient /stand. error

Constant

0.746 (0.534)

25.585 (6.952)***

BGD

0.789 (1.404)

3. 054(5.261)

BND

0.689 (0.143)***

−44.271 (1.856)***

ACE

0.114 (0.037)***

0.363 (0.118)**

FS

0.179 (0.058)***

−2.249 (0.752)***

FA

0.001(0.003)

−0.112 (1.830)

LEV

−0.176 (0.076)**

0.162 (0.483)

ROA

0.172 (0.126)

−0.675(1.182)

BI

6.804 (0.192)***

−12.569 (2.505)***

FO

0.115 (0.077)

−6.014 (5.609)

GO

−0.957 (0.431)**

2.465 (1.009)**

Year dummies

Yes

Yes

Industry dummies

Yes

Yes

R2

0.3593

0.3914

F-statistics

0.000

0.000

Prob F-statistics

131.59

60.33

  1. *** & ** show significance level at 1%, and 5% respectively.
  2. See Table 1 for variables definitions.
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