Future Business Journal

Table 6 System GMM results for models (1) and (2)

From: Does climate risk disclosure shape conservatism? The role of earnings quality in the Egyptian context

Variables	Model (1)		Model (2)
Variables	Coef	SE	Coef	SE
Constant	0.527	0.378	− 0.137	0.562
Lag_Cons	0.194***	0.072	0.156**	0.069
CRRD	− 0.135	0.156	0.093	0.133
EQ	–	–	2.532**	1.125
CRRD x EQ	–	–	− 1.608**	0.674
Size	− 0.09*	0.046	− 0.063	0.72
Lev	0.001***	0	0.001*	0.001
MTB	− 0.075***	0.27	− 0.038	0.034
ROA	0.02***	0.004	0.019	0.005
Grw	0.264**	0.134	0.241	0.146
Loss	− 0.258	0.182	− 0.108	0.255
Other statistics
AR (2)	0.333	0.286
Hansen test	0.182	0.108
No. of Observations	95	95

*Significant at level 10%, **Significant at level 5%, ***Significant at level 1%

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