Research Article
The Earnings Management Strategy of List Companies in Pearl River Delta Region of China Based on Complex Network Theory
| Number of obs = 1,815 | | | | | Number of groups = 16 | R-sq: within = 0.9438 | | | | | Obs per group: min = 11 | Between = 0.9202 | | | | | Avg = 11.0 | Overall = 0.9415 | | | | | Max = 11 | Group variable: Co | | | | | Wald chi2(6) = 29087.44 | Corr (u_i, X) = 0 (assumed) | | | | | Prob > chi2 = 0.0000 |
| yt | Coef. | Std. err. | Z | | (95% conf. interval) | | −4649495 | 1069459 | −4.35 | 0.000 | −6745596 | −2553393 | | 0.0012328 | 0.0048786 | 0.25 | 0.801 | −0.0083291 | 0.0107948 | | −0.0105319 | 0.0086824 | −1.21 | 0.225 | −0.027549 | 0.0064853 | | 0.8395955 | 0.0109845 | 76.43 | 0.000 | 0.8180663 | 0.8611246 | | −0.0078637 | 0.0035245 | −2.23 | 0.026 | −0.0147715 | −0.0009559 | | 0.0111806 | 0.0049028 | 2.28 | 0.023 | 0.0015713 | 0.0207899 | _Cons | 0.0209265 | 0.0036572 | 5.72 | 0.000 | 0.0137585 | 0.0280945 | sigma_u | 0 | | | | | | sigma_e | 0.07777193 | | | | | | Rho | 0 | (Fraction of variance due to u_i) | | | | |
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