AFEAS


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AcronymDefinition
AFEASAlternative Fluorocarbons Environmental Acceptability Study
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However, AFEAS played a significant role at the 1 percent level in deterring management from engaging in higher risk higher return behaviour.
Error Marginal effects on Prob[Y = Negative ROE] AFEAS 11.
2% Table 3 List of Variables ROE the independent variable that equals OPM x ATR x EM where OPM = Operating Profit Margin Ratio = Income from Operations + Interest Expense divided by Gross Revenues ATR = Asset Turnover Ratio = Gross revenue divided by average Total assets EM = Equity Multiplier = Average Total Assets divided by Average Shareholder's Equity AFEAS audit fees received by the auditor paid by the client firm divided by total assets.