Hypothesis H4 is not fully confirmed for the analysed sample, as there is a low connection between the two identified variables. Graph n. 6: correlation between the choice of the format and the status of a U.S. listing Dual listing 2008 TOT Yes No One 1 0 1 Number of prospectuses Two 22 11 11 Other* 27 15 12 TOT 26 24 50 Dual listing 2009 TOT Yes No One 1 1 0 Number of prospectuses Two 40 17 23 Other* 9 7 2 TOT 25 25 50 Dual listing 2012 TOT Yes No One 1 0 1 Number of prospectuses Two 20 26 46 Other* 3 0 3 TOT 24 26 50 *all'interno dello Statement of changes in equity Comparison between the two performance indicators: ROECI and ROENI H5: The calculation of the ROECI expresses the measure of performance better than the calculation of the ROENI; Hypothesis H5 is confirmed for the analysed sample. Furthermore, this aspect can give us useful information in relation to a comparison between indicator CI as opposed to NI with regards to the informative advantage/disadvantage of the potential investors, as stemming from the inclusion of the new concept of CI. This statistical analysis completes the already commented section on the significance of OCI. As it can be seen from graph n. 7, a regression analysis was carried out over the course of 3 years and the situation appears to have significantly improved from 2008 (ante IAS 1 revised) to 2009 and 2012 (post IAS
Hypothesis H4 is not fully confirmed for the analysed sample, as there is a low connection between the two identified variables. Graph n. 6: correlation between the choice of the format and the status of a U.S. listing 2008 Dual listing TOT Yes No Number of prospectuses One 0 1 1 Two 11 11 22 Other* 15 12 27 TOT 26 24 50 2009 Dual listing TOT Yes No Number of prospectuses One 1 0 1 Two 17 23 40 Other* 7 2 9 TOT 25 25 50 2012 Dual listing TOT Yes No Number of prospectuses One 1 0 1 Two 20 26 46 Other* 3 0 3 TOT 24 26 50 *all'interno dello Statement of changes in equity Comparison between the two performance indicators: ROECI and ROENI H5: The calculation of the ROECI expresses the measure of performance better than the calculation of the ROENI; Hypothesis H5 is confirmed for the analysed sample. Furthermore, this aspect can give us useful information in relation to a comparison between indicator CI as opposed to NI with regards to the informative advantage/disadvantage of the potential investors, as stemming from the inclusion of the new concept of CI. This statistical analysis completes the already commented section on the significance of OCI. As it can be seen from graph n. 7, a regression analysis was carried out over the course of 3 years and the situation appears to have significantly improved from 2008 (ante IAS 1 revised) to 2009 and 2012 (post IAS
407_aidea2013_accounting.docx