Recvinv | −0.0122 | 40.0015 | 20.4939 | 2.1333 | 1.7724 | 0.0046 | 0.0020 | 0.5812*** |
| (−0.17) | (0.78) | (1.34) | (0.40) | (0.93) | (0.52) | (0.65) | (9.84) |
Other rec | 1.4172*** | 1049.6361*** | 131.0941 | 114.4372*** | 22.3412** | 0.1514*** | 0.0176 | −0.3839 |
| (3.10) | (3.47) | (1.64) | (3.54) | (2.14) | (3.04) | (1.18) | (−1.24) |
Size | 0.1037*** | 74.0905*** | 7.3975*** | 5.0255*** | 0.1094 | 0.0061*** | −0.0010** | 0.0257*** |
| (8.82) | (9.14) | (3.00) | (5.88) | (0.35) | (4.40) | (−2.04) | (2.83) |
Growth | 0.0777*** | 65.4766*** | 10.0058** | 4.6566*** | 0.5471 | 0.0047* | −0.0006 | 0.0193 |
| (3.44) | (4.23) | (2.00) | (2.84) | (0.88) | (1.73) | (−0.70) | (1.08) |
Loss | 0.0169 | 53.3650* | 16.7192* | 6.5461** | 2.9464*** | 0.0044 | 0.0024 | −0.0661* |
| (0.37) | (1.69) | (1.91) | (2.04) | (2.62) | (0.83) | (1.41) | (−1.89) |
Age | −0.0027* | −1.4639 | 0.1491 | −0.0237 | 0.0641* | −0.0001 | 0.0001 | −0.0070*** |
| (−1.84) | (−1.43) | (0.49) | (−0.22) | (1.67) | (−0.55) | (1.36) | (−6.00) |
Cfo | −0.3911** | −213.9215* | 9.7506 | −28.3320** | −4.5985 | −0.0510*** | −0.0083 | 0.3955*** |
| (−2.36) | (−1.90) | (0.31) | (−2.46) | (−1.17) | (−2.65) | (−1.26) | (3.21) |
Audit type | 0.0139 | 43.5594 | 12.3761 | 7.2747* | 2.7799** | 0.0080 | 0.0035 | −0.0232 |
| (0.20) | (0.99) | (1.14) | (1.66) | (2.01) | (1.10) | (1.52) | (−0.54) |
Constant | −0.2467 | −613.7790*** | 348.6679*** | −4.0198 | 52.7010*** | 0.0788** | 0.1264*** | 1.3579*** |
| (−0.77) | (−2.75) | (5.24) | (−0.17) | (5.84) | (1.99) | (9.11) | (4.95) |
Industry year | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes |
N | 5655 | 5655 | 5655 | 5655 | 5655 | 5655 | 5655 | 5655 |
R-sq | 0.1138 | 0.1263 | 0.0801 | 0.1129 | 0.0886 | 0.0995 | 0.0900 | 0.3635 |