marginally significantp = 0.053
On the other hand, results in columns 7–8 show that, for voluntary disclosure, political ties * post2014 has a positive (albeit marginally significant) effect for the sub-sample of high market independence (column 7: β = 0.04, s.e. = 0.019, p = 0.053), whereas no significant effect has been found for the sub-sample of low market independence (column 8: β = 0.03, s.e. = 0.020, p = 0.183).