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Future Business Journal

Table 4 Panel data analysis for impact of CRD on FV

From: The moderating effect of dividend policy on the relationship between the corporate risk disclosure and firm value: evidence from Egypt

 

Panel A: Random effect model

Panel B: Fixed effect model

Coefficient

Standard error

Coefficient

Standard error

Corporate Risk Disclosure

4.255348***

0.012766

Coefficient

Standard error

Firm Value

0.073831

0.311895

7.419316*

4.377178

ROE

0.037245**

0.019003

0.493134

0.596477

Current Ratio

0.382255*

0.218307

0.031890**

0.019269

Financial Leverage

0.003198

0.048147

0.442350*

0.242384

Dividend Policy

2.792502*

1.472839

0.006147

0.048561

_cons

−2.85701

7.124783

2.849153*

1.638386

Panel C: Hausman Test

Test Value

Significance

  
 

3.28

0.876

  
  1. Sig values: *** < 0.01, ** < 0.05, * < 0.1, “” > 0.1
  2. Source: Calculations based on data collected from 45 firms for years 2016–2022
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