. Results
Descriptive statistics and univariate results
We present descriptive statistics for the variables included in (2) in Table 2. Distributional statistics are provided in panel A. The mean and median values of our dependent variable, |AB_NET_HIRE|, are 0.113 and 0.070, respectively. The distributions of the control variables are generally similar to those found in previous research (e.g., Biddle et al. 2009).
Correlations are provided in panel B of Table 2. Consistent with our hypothesis, |AB_NET_HIRE| is negatively correlated with AQ, indicating that higher-quality accounting is associated with more efficient levels of investment in labor. The correlations among other variables are generally consistent with expectations. For example, |AB_NET_HIRE| is positively correlated with STD_CFO, STD_SALES, and STD_NET_HIRE, indicating
TABLE 1
. ResultsDescriptive statistics and univariate resultsWe present descriptive statistics for the variables included in (2) in Table 2. Distributional statistics are provided in panel A. The mean and median values of our dependent variable, |AB_NET_HIRE|, are 0.113 and 0.070, respectively. The distributions of the control variables are generally similar to those found in previous research (e.g., Biddle et al. 2009).Correlations are provided in panel B of Table 2. Consistent with our hypothesis, |AB_NET_HIRE| is negatively correlated with AQ, indicating that higher-quality accounting is associated with more efficient levels of investment in labor. The correlations among other variables are generally consistent with expectations. For example, |AB_NET_HIRE| is positively correlated with STD_CFO, STD_SALES, and STD_NET_HIRE, indicatingTABLE 1
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