From: Voluntary disclosure of internal control and auditor’s attestation: evidence from China
SEO | FUND | GOV | CEN-TRAL | SIZE | GROW | ROE | LEV | INDIR | CLIST | BIG4 | INV | AGE | Industry MBR | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEO | 0.111 (0.00) | −0.014 (0.38) | 0.024 (0.13) | 0.057 (0.00) | 0.075 (0.00) | 0.096 (0.00) | 0.092 (0.00) | 0.005 (0.77) | −0.010 (0.55) | 0.002 (0.92) | −0.004 (0.79) | −0.067 (0.00) | −0.042 (0.01) | |
FUND | 0.096 (0.00) | 0.080 (0.00) | 0.071 (0.00) | 0.417 (0.00) | 0.227 (0.00) | 0.434 (0.00) | −0.094 (0.00) | −0.001 (0.82) | 0.001 (0.62) | 0.077 (0.00) | 0.071 (0.00) | −0.072 (0.00) | 0.142 (0.00) | |
GOV | −0.015 (0.35) | 0.014 (0.37) | 0.32 (0.00) | 0.278 (0.00) | 0.049 (0.00) | 0.010 (0.52) | 0.037 (0.02) | −0.028 (0.08) | 0.080 (0.00) | 0.135 (0.00) | −0.065 (0.00) | −0.002 (0.91) | −0.045 (0.00) | |
CENTRAL | 0.018 (0.24) | 0.010 (0.52) | 0.324 (0.00) | 0.148 (0.00) | 0.056 (0.00) | 0.041 (0.01) | 0.042 (0.01) | 0.003 (0.86) | 0.175 (0.00) | 0.152 (0.00) | −0.012 (0.45) | −0.100 (0.00) | −0.011 (0.47) | |
SIZE | 0.040 (0.01) | 0.172 (0.00) | 0.305 (0.00) | 0.229 (0.00) | 0.193 (0.00) | 0.261 (0.00) | 0.160 (0.00) | 0.051 (0.00) | 0.172 (0.00) | 0.352 (0.00) | −0.010 (0.52) | 0.014 (0.38) | −0.022 (0.16) | |
GROW | −0.005 (0.75) | 0.025 (0.12) | −0.011 (0.47) | −0.018 (0.25) | 0.015 (0.33) | 0.320 (0.00) | 0.045 (0.00) | 0.008 (0.64) | 0.021 (0.18) | 0.057 (0.00) | 0.092 (0.00) | −0.12 (0.00) | 0.066 (0.00) | |
ROE | −0.026 (0.10) | 0.019 (0.24) | 0.013 (0.43) | 0.022 (0.16) | 0.006 (0.67) | 0.004 (0.81) | −0.017 (0.28) | 0.009 (0.57) | 0.040 (0.01) | 0.120 (0.00) | 0.034 (0.03) | −0.047 (0.00) | 0.092 (0.00) | |
LEV | −0.004 (0.78) | −0.053 (0.00) | −0.076 (0.00) | −0.019 (0.22) | −0.171 (0.00) | −0.008 (0.53) | 0.001 (0.96) | 0.022 (0.17) | 0.001 (0.97) | −0.011 (0.50) | 0.14 (0.00) | 0.10 (0.00) | −0.041 (0.01) | |
INDIR | −0.001 (0.63) | −0.038 (0.02) | −0.034 (0.03) | 0.042 (0.01) | 0.063 (0.00) | 0.003 (0.86) | −0.007 (0.68) | 0.013 (0.39) | 0.002 (0.92) | 0.072 (0.00) | 0.037 (0.02) | 0.001 (0.94) | 0.027 (0.09) | |
CLIST | −0.011 (0.48) | −0.042 (0.01) | 0.080 (0.00) | 0.168 (0.00) | 0.285 (0.00) | −0.004 (0.81) | 0.002 (0.92) | −0.008 (0.62) | 0.012 (0.44) | 0.341 (0.00) | −0.075 (0.00) | −0.016 (0.30) | −0.016 (0.30) | |
BIG4 | −0.005 (0.76) | −0.022 (0.15) | 0.143 (0.00) | 0.163 (0.00) | 0.459 (0.00) | −0.007 (0.65) | 0.006 (0.72) | −0.021 (0.19) | 0.101 (0.00) | 0.335 (0.01) | −0.12 (0.00) | −0.075 (0.00) | −0.033 (0.04) | |
INV | −0.008 (0.63) | 0.035 (0.02) | −0.079 (0.00) | −0.055 (0.00) | 0.023 (0.14) | 0.072 (0.00) | 0.000 (0.98) | −0.020 (0.20) | 0.038 (0.01) | −0.063 (0.00) | −0.091 (0.00) | 0.010 (0.55) | 0.066 (0.00) | |
AGE | −0.050 (0.00) | −0.050 (0.00) | −0.030 (0.05) | −0.122 (0.00) | −0.108 (0.00) | −0.010 (0.53) | −0.012 (0.43) | 0.082 (0.00) | −0.011 (0.48) | −0.055 (0.00) | −0.119 (0.00) | 0.056 (0.00) | 0.108 (0.00) | |
IndustryMBR | −0.039 (0.01) | 0.12 (0.00) | −0.037 (0.02) | −0.012 (0.45) | −0.022 (0.16) | 0.016 (0.32) | 0.001 (0.94) | −0.010 (0.53) | 0.017 (0.27) | −0.001 (0.95) | −0.024 (0.12) | 0.007 (0.63) | 0.079 (0.00) |