On p. 1671 in the paper Kempf/Manconi/Spalt (2017, RfS), Distracted shareholders and corporate actions it says (I think it is in the context of a log regression):

Those effects are economically meaningful. A one-standard deviation change in distraction leads to 19% (=−2.671×0.07) fewer active conference call participants and 6% (=−0.834×0.07) fewer proposals by institutions.

Where does the 0.07 come from? I searched throughout the document, and could only find it as value of $R^2$. It seems to appear out of nowhere. Some people suggest that it is p-value, which does not make sense for me.


Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.