Variable | Coefficient | Std. Error | t-statistics | p-value |
Financial Leverage | −0.02 | 0.01 | −1.57 | 0.12 |
Firm Size | −0.01 | 0.06 | −0.19 | 0.85 |
Board Size | −0.01 | 0.00 | −1.52 | 0.13 |
Board Independence | 0.16 | 0.08 | 2.13 | 0.04 |
Non-Executive Directors (NED) | 0.17 | 0.07 | 2.34 | 0.02 |
Gender Diversity | −0.91 | 0.21 | −4.28 | 0.00 |
Age of Company | 0.00 | 0.01 | 0.74 | 0.46 |
Intercept | 0.02 | 0.51 | 0.04 | 0.97 |
F(7, 113) | 3.75 | R-Squared | 18.87% | |
sig | 0.0011 | Observations | 150 |