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Political Connection, Board Characteristics and Firm Performance in Nigeria

Table 2:

  OLS Regression Robust Regression
Variables Predicted sign coefficient value tstat coefficient value tstat
PCON  + -0.08 -1.39* -0.08 -1.47*
BSIZE  + 0.01 0.25 0.01 0.19
FOREPR  + 0.06 0.43 0.06 0.65
CINCENT  + -0.38 -1.53* -0.38 -1.86**
BGEND + 0.31 1.15 0.31 1.39*
FSIZE  + -0.01 -0.67 -0.01 -0.38
  R2=0.05 F-statistic =1..05 p-value=0.40    R2=0.05 F-statistic=2.16, p-value=0.05
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