Future Business Journal

Table 7 2SLS 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)
	Coef	SE	Coef	SE
Constant	0.275	0.633	0.042	0.635
CRRD	− 0.025	0.142	0.063	0.147
EQ	–	–	2.469	1.62
CRRD x EQ	–	–	− 1.611*	0.927
Size	− 0.092	0.073	− 0.083	0.072
Lev	0.001	0.00	0.001	0.00
MTB	− 0.02	0.047	− 0.028	0.046
ROA	0.013	0.013	0.017	0.012
Grw	0.151	0.109	0.184	0.113
Loss	− 0.499	0.398	− 0.462	0.392
Other statistics
R²	22%	25%
Wu–Hausman F test	0.8247	0.8743
Durbin (Chi²)	0.8154	0.8659
No. of Observations	95	95

*Significant at level 10%, **Significant at level 5%, ***Significant at level 1%
Note: Wu–Hausman and Durbin–Wu–Hausman are tests of endogeneity (the results reveal acceptance of H0: regressors are exogenous)

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