Research Article

Analysis on Relationship between Accurate Poverty Alleviation and Stock Price Collapse Risk from the Perspective of Information Disclosure

Table 10

Test results under poverty alleviation pressure.

(1) Ncskew(2) Duvol(3) Ncskew(4) Duvol(5) Ncskew(6) Duvol

APA1−0.138 (0.037)−0.090 (0.025)
APA2−0.008 (0.002)−0.006 (0.002)
APA1×PAP−1.830 (0.013)−1.385 (0.091)
APA2×PAP−0.113 (0.010)−0.078 (0.006)
PAP0.331 (0.069)0.503 (0.047)0.873 (0.101)0.331 (0.068)0.779 (0.095)0.223 (0.064)
Control_VariableControlledControlledControlledControlledControlledControlled
YearControlledControlledControlledControlledControlledControlled
IndustryControlledControlledControlledControlledControlledControlled
C0.2700.2100.0710.0880.0890.063
Adj R20.0280.0260.0340.0310.0310.030

Note. The numbers in the parentheses are the standard error of regression coefficients; , , and are the significance levels of 1%, 5%, and 10%, respectively.