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 |