Research Article
The Impact of Goodwill Recognition and Goodwill Impairment on the Increasing Holdings of Block Shareholders
Table 7
Robustness test: replacing the dependent variable.
| | Variables | | | | | (1) | (2) | (3) | (4) | (5) | (6) |
| | GRV | 0.0333 (0.006) | 0.0265 (0.029) | | | | | | GRQ | | | 0.0516 (0.000) | 0.0509 (0.000) | | | | GIQ | | | | | 0.0075 (0.569) | 0.0261 (0.063) | | ES | | 0.0710 (0.000) | | 0.0052 (0.277) | | 0.0125 (0.022) | | OC | | 0.0049 (0.417) | | −0.0026 (0.097) | | 0.0077 (0.040) | | BS | | −0.0167 (0.112) | | −0.0038 (0.330) | | −0.0033 (0.476) | | PB | | 0.0124 (0.000) | | −0.0003 (0.454) | | 0.0007 (0.224) | | LCD | | −0.2825 (0.000) | | −0.0421 (0.006) | | −0.0174 (0.301) | | CCM | | 0.0580 (0.047) | | −0.0018 (0.775) | | −0.0004 (0.828) | | Constant | 0.2448 (0.093) | −1.2833 (0.000) | −0.0239 (0.032) | −0.1268 (0.249) | −0.0038 (0.460) | −0.2579 (0.030) | | Year and industry | Included | Included | Included | Included | Included | Included | | Observations | 12888 | 12888 | 2625 | 2625 | 606 | 606 | | R-squared | 0.0171 | 0.0254 | 0.0465 | 0.0605 | 0.0802 | 0.1549 |
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Notes. statistics are in parentheses. , , and . |
