Table 6 Pooled OLS effect model

Panel A: Pooled OLS Effect model on relation between CRD, DP and FV

Corporate risk disclosure

7.607932*

4.33007

Firm Value

0.457317

0.4222762

ROE

0.040329*

0.0195489

Current ratio

0.644503**

0.2067705

Financial leverage

−0.121839

0.1498934

Dividend policy

2.320583*

1.397942

_cons

5.844371

5.912556

Adjusted R2

0.6839

Panel B: Pooled OLS Effect model with moderator effect on relation between CRD and FV

Moderator DP

6.041653**

1.938291

corporate risk disclosure

12.885686*

4.443304

Firm Value

−0.500048

0.5426019

ROE

−0.039180

0.0295513

Current ratio

0.456547*

0.2067698

Financial leverage

−0.085858

0.1499128

_cons

6.289788*

5.963906

Adjusted R2

0.7545