Skip to main content

Advertisement

Table 4 Path estimates in the structural equation model based on PCA

From: Internal control, related party transactions and corporate value of enterprises directly controlled by Chinese central government

  Estimate C.R. pvalue
CE → ICQ 1.158   
RA → ICQ −0.245 −2.7 ***
IAC → ICQ 0.168 1.642 0.101
CA → ICQ −0.221 −1.911 *
M → ICQ 0.095 0.884 0.377
ICQ → RPT 0.846 15.835 ***
CE → CE1 0.896   
CE → CE2 −0.399 −5.408 ***
ICQ → ICQ1 0.926   
ICQ → ICQ2 0.037 0.465 0.642
RPT → CV 0.794 10.698 ***
  1. * and *** indicate significance levels at 10% and 1%, respectively.