suggesting a decrease in the timely loss recognition in accordance with Basu (1997) model; this finding is also supported by the coefficient β7 from model (4) which is negative and significant (β = -0.034; pvalue = 0.000),
suggesting a decrease in the timely loss recognition inaccordance with Basu (1997) model; this finding is also supported by thecoefficient β7 from model (4) which is negative and significant (β = -0.034; pvalue= 0.000),