LFEE

AcronymDefinition
LFEELaboratory For Energy and the Environment (Massachusetts Institute of Technology)
LFEELe Francais en Ecosse (French: The French in Scotland; UK)
LFEELancaster Foundation for Educational Enrichment (Lancaster, PA)
References in periodicals archive ?
where LFEE represents the log of the audit fee charged to the client, LASSETS is the log of the client's total assets, SQSUBS is the square root of the number of subsidiaries operated by the client, INVREC is the proportion of the client's assets represented in accounts receivable and inventory, MSHARE is the audit firm's market share, LEVERAGE is the proportion of the client's total debt to its total assets, and i and t are subscripts for firm and year, respectively.
We label the prediction error as FEEDIFF, such that [FEEDIFF.sub.it] = ([LFEE.sub.it] - [PFEE.sub.it])/[PFEE.sub.it], where LFEE is the natural logarithm of the actual fee paid, PFEE is the predicted log fee using the 1980 model, and i and t are subscripts for firm and year, respectively.
(a) This table provides statistics from the regression of the audit fee model using 1980 data: LFEE = [b.sub.0] + [b.sub.1] LASSETS + [b.sub.2] SQSUBS + [b.sub.3] INVREC + [b.sub.4] MSHARE + [b.sub.5] LEVERAGE.
(a) This table provides coefficients from the 18 annual regressions of the audit fee model using 1980 data: LFEE = [b.sub.0] + [b.sub.1] LASSETS + [b.sub.2] SQSUBS + [b.sub.3] INVREC + [b.sub.4] MSHARE + [b.sub.5] LEVERAGE.
(a) This table provides partial results from the regression model LFEE = [b.sub.0] + [b.sub.1] LASSETS + [b.sub.2] SQSUBS + [b.sub.3] INVREC + [b.sub.4] MSHARE + [b.sub.5] LEVERAGE + [b.sub.6] DTEY.
The dependent variables ([b.sub.x]) are coefficients obtained from the annual audit fee model regressions described in Table 8 (LFEE = [b.sub.0] + [b.sub.1] LASSETS + [b.sub.2] SQSUBS + [b.sub.3] INVREC + [b.sub.4] MSHARE + [b.sub.5 LEVERAGE]).
(15) Recall that FEEDIFF = (LFEE - PFEE)/PFEE, where LFEE and PFEE are the logs of the actual and predicted audit fees, respectively.