Table 2 Variables definition Variable... | Emerald Publishing

Table 2

Variables definition

Variable type	Variable name	Symbol	Variable definition
Dependent Variable	Stock Price Crash Risk	NSKEW	Negative skewness coefficient from company's stock weekly returns within a year period
Dependent Variable		DUVOL	Natural logarithm of company's stock weekly returns between below annual average and above annual average
Independent Variable	Greenwashing Index	Greenwashing	The difference between ESG disclosure and ESG performance (score)
Moderating Variable	Physical Climate Risk	PCR	Climate risk driven by extreme weather change that effect physical hazards
Moderating Variable	Transition Climate Risk	TCR	Climate risk driven by indirect impact of policy and regulations change
Control Variables	Return on Assets	ROA	Percentage of net income compared to total assets
	Return on Equity	ROE	Percentage of net income compared to total equity
	Net Profit Margin	NPM	Percentage of company net profit compared to total revenue
	Book Value	BV	Net difference between total equity on common shares

Variable type	Variable name	Symbol	Variable definition
Dependent Variable	Stock Price Crash Risk	NSKEW	Negative skewness coefficient from company's stock weekly returns within a year period
Dependent Variable		DUVOL	Natural logarithm of company's stock weekly returns between below annual average and above annual average
Independent Variable	Greenwashing Index	Greenwashing	The difference between ESG disclosure and ESG performance (score)
Moderating Variable	Physical Climate Risk	PCR	Climate risk driven by extreme weather change that effect physical hazards
Moderating Variable	Transition Climate Risk	TCR	Climate risk driven by indirect impact of policy and regulations change
Control Variables	Return on Assets	ROA	Percentage of net income compared to total assets
	Return on Equity	ROE	Percentage of net income compared to total equity
	Net Profit Margin	NPM	Percentage of company net profit compared to total revenue
	Book Value	BV	Net difference between total equity on common shares

Source(s): Authors’ own elaboration