Future Business Journal

Table 5 Multiple regression analysis test results.

From: Exploring the financial consequences of biodiversity disclosure: how does biodiversity disclosure affect firms' financial performance?

Dependent Variable		ROA					PtoB
Model		B	Std. Error	Beta	T	Sig	B	Std. Error	Beta	T	Sig
1	(Constant)	7.643	2.946		2.594	.010	− .446	16.614		− .027	.979
BiodDi		.001	.008	.005	.094	.925	− .017	.050	− .027	− .341	.733
IndsSector		− 1.486	.557	− .150	− 2.668	.008	− .957	3.225	− .023	− .297	.767
Country		.541	.577	.052	.937	.349	.739	4.423	.014	.167	.868
LEV		− .964	.341	− .158	− 2.829	.005	− 2.871	7.663	− .030	− .375	.708
FirmsizeLog		− 1.598	.324	− .278	− 4.927	.000	1.737	2.207	.064	.787	.432
Big4		6.075	2.656	.128	2.288	.023	− 2.598	12.607	− .016	− .206	.837
R = 0.388							R = 0.074
R Square = 0.151							R Square = 0.006
Adjusted R Square = 0.133							Adjusted R Square = − 0.027
F = 8.653							F = 0.170
Sig. = 0.000							Sig. = 0.984

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