Analysis on Relationship between Accurate Poverty Alleviation and Stock Price Collapse Risk from the Perspective of Information Disclosure
Table 5
Mediating effect test results.
(1) IND
(2) IND
(3) Ncskew
(4) Duvol
(5) Ncskew
(6) Duvol
APA1
0.084 (0.009)
−0.300 (0.031)
−0.172 (0.022)
APA2
0.013 (0.001)
−0.018 (0.002)
−0.012 (0.002)
IND
−0.101 (0.009)
−0.046 (0.006)
−0.116 (0.009)
−0.057 (0.006)
Control_Variable
Controlled
Controlled
Controlled
Controlled
Controlled
Controlled
Year
Controlled
Controlled
Controlled
Controlled
Controlled
Controlled
Industry
Controlled
Controlled
Controlled
Controlled
Controlled
Controlled
C
0.799
0.826
−0.054
0.175
−0.128
0.089
Adj R2
0.105
0.107
0.102
0.083
0.082
0.077
Note. The numbers in the parentheses are the standard error of regression coefficients; ,, and are the significance levels of 1%, 5%, and 10%, respectively.