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Effects of Board Size, Board Committees Characteristics and Audit Quality on Audit Report Lags

Table 1:

  (1) (2) (3) (4)
VARIABLES FIXED RANDOM OLS OLSROBUST
AUDQ 9.322 -45.07*** -45.07*** -45.07**
(14.72) (12.01) (12.01) (21.24)
BSIZE 0.507 4.074 4.074 4.074**
(3.233) (2.498) (2.498) (1.902)
ACSIZE -4.306 -4.485 -4.485 -4.485
(4.901) (4.959) (4.959) (4.692)
RCSIZE -1.453 -1.121 -1.121 -1.121
(2.173) (2.072) (2.072) (1.141)
BMEET -2.864 -6.657** -6.657** -6.657**
(2.743) (2.599) (2.599) (3.042)
BCMTS -7.607 -4.114 -4.114 -4.114
(5.45) (3.913) (3.913) (4.177)
BCEXPT 8.331* 5.723 5.723 5.723
(4.417) (4.019) (4.019) (5.324)
BCGEN -6.404 -10.30** -10.30** -10.30***
(5.51) (4.465) (4.465) (3.222)
LOSS -21.24 -0.471 -0.471 -0.471
(13.72) (14.62) (14.62) (15.73)
LTASSET -6.416* -2.656 -2.656 -2.656
(3.759) (2.021) (2.021) (1.725)
Constant 341.5*** 249.2*** 249.2*** 249.2***
  (118.4) (67.57) (67.57) (53.47)
R2 0.1308 0.4748 0.4748
B-P LM TEST p-value 1.0000
Hausman TEST p-value 0.4654
Wald   p-value 0.0000  
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