Skip to main content
Frontiers of Business Research in China

Table 5 Probit Regression of Determinants of the Use of an ROE Performance Measure

From: ROE as a performance measure in performance-vested stock option contracts in China

 

Coeff.

p value

Intercept

0.31

0.93

SIZE t-1

0.08

0.63

COMPLEXITY t-1

−0.39

0.04

FCF t-1

−0.05

0.97

DEBTPAYMENT t-1

9.20

0.23

DIVIDENDS t-1

1.80

0.15

GROWTH t-1

0.13

0.11

MGRSHARES t-1

0.27

0.80

DUAL t-1

−0.42

0.13

MEETING t-1

0.78

0.03

ETR t-1

−1.17

0.29

INDDIR t-1

−0.66

<0.01

COVERAGE t-1

−0.26

0.11

Pseudo R2

0.17

 

N

214

 
  1. This table presents estimation results from model (2), where the dependent variable is ROE. All variables are defined in Table 4. P values are based on two-tailed tests
Back to article page