Analysis on Relationship between Accurate Poverty Alleviation and Stock Price Collapse Risk from the Perspective of Information Disclosure
Table 9
Test results under institutional environment.
(1) Ncskew
(2) Duvol
(3) Ncskew
(4) Duvol
(5) Ncskew
(6) Duvol
APA1
−0.097 (0.012)
−0.021 (0.008)
APA2
−0.051 (0.009)
−0.009 (0.001)
APA1 × PMI
−0.053 (0.014)
−0.075 (0.010)
APA2 × PMI
−0.014(0.001)
−0.042 (0.007)
PMI
−0.015 (0.007)
−0.051 (0.005)
−0.011 (0.001)
−0.061 (0.007)
−0.012 (0.001)
−0.053 (0.007)
Control_Variable
Controlled
Controlled
Controlled
Controlled
Controlled
Controlled
Year
Controlled
Controlled
Controlled
Controlled
Controlled
Controlled
Industry
Controlled
Controlled
Controlled
Controlled
Controlled
Controlled
C
0.170
0.216
0.026
0.099
0.031
0.085
Adj R2
0.030
0.026
0.034
0.029
0.031
0.029
Note. The numbers in the parentheses are the standard error of regression coefficients; ,, and are the significance levels of 1%, 5%, and 10%, respectively.
