59 f statistic p value 67 62 00 001 002 086 panel

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Unformatted text preview: how that the payoff difference was significantly higher in the YP setting than in the NP setting (p 0.013). Thus, managers’ puffery induced additional and unwarranted trust on the part of the auditors. As a result of falling prey to managers’ puffery, auditors received lower average payoffs. 280 The Accounting Review, April 2002 TABLE 4 Analysis of Variance for the Regular Play Phasea Panel A: Dependent Variable: Audit Index Effect df Puffery Group Puffery Error Sum of Squares 1 1 1 40 Group 9,396 15,136 3.3 77,282 F-statistic p-value 4.86 7.83 0.00 0.03 0.01 0.96 F-statistic p-value 2.1 1.4 0.3 0.15 0.25 0.59 F-statistic p-value 6.7 6.2 0.0 0.01 0.02 0.86 Panel B: Dependent Variable: Fraud Index Effect df Puffery Group Puffery Error Sum of Squares 1 1 1 40 Group 6,422 4,176 888 121,232 Panel C: Dependent Variable: Payoff Difference Effect df Sum of Squares Puffery Group Puffery Error 1 1 1 40 551,618 509,185 2,647 3,288,742 a Group The audit index is calculated by assigning the value of...
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