Table 4.
Differences in ERM sophistication between the two subsamples.
| CFO not on Board | CFO seats on Board | Test of Difference |
||
|---|---|---|---|---|
| Dif. | t | |||
| ERMsco | 0.864 | 1 | −0.136 | −1.578 |
| ERMsopH | 4.412 | 4.938 | −0.525** | −2.274 |
*** p<0.01, ** p<0.05, * p<0.1.
Differences in ERM sophistication between the two subsamples.
| CFO not on Board | CFO seats on Board | Test of Difference |
||
|---|---|---|---|---|
| Dif. | t | |||
| ERMsco | 0.864 | 1 | −0.136 | −1.578 |
| ERMsopH | 4.412 | 4.938 | −0.525** | −2.274 |
*** p<0.01, ** p<0.05, * p<0.1.