Research Article
An Empirical Analysis of the Impact of Environmental Protection Tax on Corporate Earnings Management
Table 3
EPT and earnings management.
| | Variable | Earnings management (DA) | | 1 | 2 |
| | ET | 0.0001 | 0.0001 |
| | | −0.0001 | −0.0001 |
| | Sizew | | −0.0067 | | | −0.0005 |
| | Levw | | 0.0332 | | | −0.0034 |
| | Roaw | | −0.2145 | | | −0.0153 |
| | Growthw | | 0.0313 | | | −0.0016 |
| | Cfow | | −0.0662 | | | −0.0125 |
| | Agew | | 0.0037 | | | −0.0016 |
| | Shrcr1w | | 0.0001 | | | 0 |
| | Independ | | −0.0101 | | | −0.0084 |
| | Boardw | | −0.0075 | | | −0.0025 |
| | Dual | | −0.0007 | | | −0.001 |
| | State | | −0.0058 | | | −0.001 |
| | _cons | 0.0752 | 0.2136 | | −0.0039 | −0.0118 |
| | adj. R2 | 0.03 | 0.171 | | F | 19.8591 | 50.1754 | | N | 23014 | 23014 |
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