Variant nature | Variant name | Variant explanation |
Explained variant | logAF | Logarithm of audit fee |
Explaining variants | SBD | Scale of board of director |
ID | Scale of independent directors | |
IDP | Ratio of independent directors | |
SR | Separation of two rights | |
CR | Concentration of ownership | |
DS | Consolidation of two rights or not | |
SSH | Shareholding ratio of senior executive | |
MSH | Shareholding ratio of board of directors | |
DCSH | Nature of direct controlling shareholders and ratio of controlling share ratio | |
Control variant | Lnsize | Scale of audited company |
IR | Ratio of stock in total asset | |
RR | Ratio of accounts receivable in total asset | |
Lev | Asset-liability ratio | |
NPL | Non-recurring loss and profit |