Discrete Dynamics in Nature and Society

Research Article

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

Table 8

Sample test on public welfare SOEs and commercial SOEs.


	Test results on public welfare SOEs				Test results on commercial SOEs
	(1) Ncskew	(2) Duvol	(3) Ncskew	(4) Duvol	(5) Ncskew	(6) Duvol	(7) Ncskew	(8) Duvol

APA₁	−0.120 (0.039)	−0.076 (0.026)			−0.088 (0.005)	−0.041 (0.003)
APA₂			−0.042 (0.003)	−0.030 (0.002)			−0.007 (0.003)	−0.005 (0.002)
Control_Variable	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled
Year	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled
Industry	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled
C	0.768	0.419	0.765	0.390	−0.341	−0.042	−0.331	−0.063
Adj R²	0.040	0.022	0.038	0.022	0.027	0.029	0.024	0.028

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