Future Business Journal

Table 6 Multivariate regressions results

From: IFRS adoption and the readability of corporate annual reports: evidence from an emerging market

Model 1 (Pages)				Model 2 (megabytes)				Model 3 (LIX)
Variable	Coefficient	t-Statistic	Sig.	Variable	Coefficient	t-Statistic	Sig.	Variable	Coefficient	t-Statistic	Sig.
IFRS	2.97	3.89	0.00*	IFRS	3.89	3.17	0.00*	IFRS	3.71	5.34	0.00*
SIZE	4.29	2.97	0.00*	SIZE	3.06	2.49	0.00*	SIZE	4.34	3.86	0.01*
PROF	− 3.11	− 2.58	0.01*	PROF	− 2.21	1.98	0.03*	PROF	− 3.67	2.68	0.00*
LVR	3.67	2.97	0.11	LVR	4.01	3.32	0.09	LVR	4.34	3.98	0.07
SECT	2.43	1.83	0.1	SECT	2.69	1.69	0.08	SECT	3.01	2.97	0.09
Observations	402			Observations	402			Observations	402
Companies	67			Companies	67			Companies	67
R-squared	0.1787			R-squared	0.1981			R-squared	0.1921
F-statistic	4.71*			F-statistic	3.26*			F-statistic	4.86*

*Represents significant at p ≤ 0.05

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