NIROA - What does NIROA stand for? The Free Dictionary
References in periodicals archive
Both NIROA and ROA for the low insider group exceed that of the high insider group for years +1, +2, and +3 relative to year -1.
The only difference between the two groups is for the median change in NIROA in years +1 and +2 relative to year -1, which is 0.
After including the two interaction terms (WD98_CEO and WD98_LOSS), the coefficient on WD98 becomes insignificant, which suggests that the association between the voluntary write-down and NIROA
improvement does not exist for firms without CEO changes or big losses.