| Expected sign | ABCFO | ABOPRO | ABDISX | RM1 | RM2 | RM3 |
---|---|---|---|---|---|---|---|
BOD characteristics | |||||||
Board size |  | +ve sig at 1% | −ve sig at 10% | +Ve non-sig | −Ve sig at 1% | −Ve non-sig | −Ve sig at 1% |
Board independence | − | −ve sig at 10% | −ve non-sig | +ve sig at 1% | +Ve sig at 5% | −ve non-sig | −ve non-sig |
CEO duality | + | −ve sig at 10% | +ve non-sig | −ve sig at 1% | +ve non-sig | +ve sig at 1% | +ve sig at 1% |
Board meetings | − | −ve sig at 10% | +ve sig at 1% | +ve non-sig | +ve sig at 1% | +ve sig at 1% | +ve sig at 1% |