臺大管理論叢 NTU Management Review VOL.30 NO.2

195 NTU Management Review Vol. 30 No. 2 Aug. 2020 Table 5 Determinants of Reporting Internal Control Weaknesses Dependent variable = ICW Coef. Std. Err. z p > z SIZE -0.140 0.443 -0.320 0.751 ln(AGE) 0.131 0.317 0.410 0.679 AGGLOSS -0.971 0.779 -1.250 0.213 ROA 28.912 21.359 1.350 0.176 sd(ROA) 73.578 26.101 2.820 0.005 DIV_ASSET -2.170 1.463 -1.480 0.138 DIV_REV -0.702 0.879 -0.800 0.425 FOREIGN -0.031 0.348 -0.090 0.928 EXGROWTH -0.484 0.289 -1.680 0.093 BDSIZE -0.795 0.727 -1.090 0.274 BDMGER -10.535 3.387 -3.110 0.002 BDHD -2.778 2.179 -1.270 0.202 MGERHD 0.285 62.412 0.000 0.996 MODEV 0.022 0.116 0.190 0.850 BDPLEDGE 2.042 0.746 2.740 0.006 BLOCKHD 4.574 1.904 2.400 0.016 LEGALHD 2.168 1.762 1.230 0.219 GOVHD 0.884 0.455 1.940 0.052 _cons 2.240 4.773 0.470 0.639 Log likelihood -43.038 Number of obs. 141 Pseudo R 2 0.388 Note: See Appendix for variable definitions.