The Impact of Goodwill Recognition and Goodwill Impairment on the Increasing Holdings of Block Shareholders

Table 5

Regression results of Hypothesis 2.

Variables	Model 2
	(1) SIQ	(2) SIQ
GRQ	0.0559 (0.000)	0.0550 (0.000)
ES		0.0053 (0.301)
OC		−0.0026 (0.118)
BS		−0.0040 (0.315)
PB		0.0004 (0.387)
LCD		−0.0438 (0.005)
CCM		−0.0005 (0.937)
Constant	−0.0469 (0.013)	−0.1501 (0.200)
Year&industry	Included	Included
Observations	2625	2625
R-squared	0.0500	0.0638

Notes. statistics are in parentheses. , , and .