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Table 6 Regression results for Model I (EM)

From: Concealing social responsibility? Investigating the relationship between CSR, earnings management and the effect of industry through quantitative analysis

EM = α + β1CSR + β2INDUS + β3SIZE + β4ROA + β5LEV + β6GROWTH + β7MTB + β8R & D + β9BIG4 + ε

Adjusted R-squared = 0.0812

Variable

Coefficient

T

P-value

CSR

.0009125

1.14

0.254

SIC

−.0009392

−2.79

0.005

INDUS

−.0425261

−3.19

0.001

SIZE

−.0126608

−9.90

0.000

ROA

−.1023971

−10.64

0.000

LEV

.0233651

3.14

0.002

GROWTH

−.0305597

−5.92

0.000

MTB

.0018528

4.50

0.000

RD

.0051949

2.22

0.026

BIG4

−.0187861

−2.53

0.011