[Retracted] Empirical Research on Seasoned Equity Offerings, Board Member Characteristics, and Corporate Investment Efficiency

Table 7

Regression results of the relationship between overseas background of board members and investment efficiency of refinancing companies.

	Coef.	St. err.	t-value	value	95% conf interval		Sig
	0.009	0.005	1.95	0.051	0	0.018
	−0.001	0.001	−1.61	0.108	−0.003	0
	−0.006	0.005	−1.22	0.224	−0.017	0.004
	0.008	0.015	0.53	0.593	−0.022	0.038
	−0.026	0.006	−4.45	0	−0.038	−0.015
	0.034	0.003	11.58	0	0.028	0.04
	−0.001	0.002	−0.60	0.546	−0.006	0.003
	0	0	0.64	0.521	0	0
	−0.001	0	−2.86	0.004	−0.002	0
	0.002	0.001	1.93	0.054	0	0.004
	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled
	Controlled	Controlled	Controlled	Controlled	Controlled	Controlled
	0.092	0.019	4.86	0	0.055	0.129
Mean dependent var		0.051		SD dependent var		0.055
R-squared		0.114		Number of obs		6034
F-test		8.329		Prob > F		0.000
Akaike crit. (AIC)		−18424.098		Bayesian crit. (BIC)		−17974.852

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