From: Chinese shareholders’ reaction to the disclosure of environmental violations: a CSR perspective
Test method | Hypothesis | Test result | Conclusion |
---|---|---|---|
Breusch-Pagan/ Cook-Weisberg | H0: sigma(i)^2= sigma^2 for all i | chi2(10) = 17.66 Prob > chi2 = 0.061 | Reject H0 |
White | H0: sigma(i)^2= sigma^2 for all i | chi2(61) = 79.56 Prob > chi2 = 0.056 | Reject H0 |