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Value Creating Determinants Of Enterprise Risk Management And Its Economic Value Added

Table 3:

Models Dependent Variable R R2 Adjusted R2 Std. Error p-value
1 Financial distress cost .548 0.410 0.405 0.56 .000**
2 Lowering tax burden .044 0.290 0.283 48.08 .081
3 Cost for external financing .692 0.158 0.151 0.88 .000**
4 Agency problem .401 0.270 0.264 0.58 .000**
5 Informational asymmetries .304 0.195 0.19 0.81 .000**
6 Net operating profit after tax .53 0.282 0.276 0.58 .000**
7 Weighted average cost of capital .476 0.226 0.220 0.86 .000**
8 Return on invested capital .301 0.191 0.183 0.79 .000**
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