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Future Business Journal

Table 5 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

4.629813*

2.051313

7.376934*

4.457362

Firm value

11.972450***

4.356787

1.028832*

0.595389

ROE

0.622693*

0.312127

0.014167

0.019260

Current ratio

0.058716**

0.019002

0.310496*

0.242197

Financial leverage

0.407314*

0.218282

0.082348*

0.048583

Dividend policy

0.082709

0.048171

4.123793

4.29227

_cons

−3.08879

7.174004

−51.9817*

12.61613

Panel C: Hausman test

Test value

Significance

  
 

5.1

0.60

  
  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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