《Table 9Robustness check of main tests:Other measurements of corporate integrity indicators.》

《Table 9Robustness check of main tests:Other measurements of corporate integrity indicators.》   提示:宽带有限、当前游客访问压缩模式
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《Does corporate integrity improve the quality of internal control》


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Note:***,**and*indicate significance at the 1%,5%and 10%levels,respectively(two-tailed test).

Concerning the empirical test,column(1)in Table 8 shows the results of the first stage of the regression,and columns(2)–(6)give the regression results for Hypotheses 1–3 in the second stage.In the first stage,the blood donation rate(Blood)is significant at the 1%level.In the second stage,the integrity of the enterprise(Integrity)is significant at the 1%level,which verifies Hypothesis 1.Concerning Hypotheses 2 and 3,the negative correlation between corporate integrity(Integrity)and internal control weakness(IC_Dum)is more significant in the samples with weaker legal systems and lower market competition.In general,the regression results of using instrumental variables are consistent with the conclusions from previous research.