| Variable | Coef. (S. E.) | Coef. (S. E.) | Coef. (S. E.) | Coef. (S. E.) |
| CONSTANT | 0.074 (0.024)** | 0.089 (0.028)** | 0.054 (0.024)** | 0.069 (0.028)** |
| BETA | 0.101 (0.020)** | 0.089 (0.022)** | 0.093 (0.021)** | 0.083 (0.023)** |
| MARKET CAP | 2.52e−11 (1.2e−11) | 1.53e−11 (1.2e−11) |
|
|
| BVPS × SHARES O/S | −7.06e−11 (4.5e−11) | −2.84e−11 (4.5e−11) |
|
|
| P/E |
|
| 0.001 (0.0001)** | 0.001 (0.0001)** |
| RESTATEMENT × BETA | 0.038 (0.019)** | 0.087 (0.047)* | 0.053 (0.019)** | 0.099 (0.048)** |
| RESTATMENT |
| −0.065 (0.057) |
| −0.060 (0.057) |
| R-squared | 0.0758 | 0.0783 | 0.1762 | 0.1784 |
| Adj. R-squared | 0.0678 | 0.0683 | 0.1703 | 0.1705 |
| Mean of dep. variable | 0.1987 | 0.1987 | 0.1963 | 0.1963 |
| Observations | 467 | 467 | 423 | 423 |