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MCD disclosure and profitability.
| ROA | |
| MCD | 0.009*** (3.49) |
| Board | 0.001 (0.54) |
| Share | −0.006 (−0.64) |
| Size | 0.024*** (6.63) |
| SOE | −0.001*** (−3.40) |
| Lev | −0.146*** (−19.63) |
| Growth | 0.031*** (8.51) |
| Duality | −0.005 (−1.63) |
| Year | Control |
| Constant | −0.128*** (−4.18) |
| Observations | 1087 |
| Adjusted R2 | 0.3457 |
*** represents statistical significance at the 1% level, respectively.
