Table 4 Regression results Variables (1)... | Emerald Publishing

Table 4

Regression results

Variables	(1)		(2)
Variables	GI	p-value	GI	p-value
ESG	0.252^***	0.010	0.103^***	0.010
Age			−0.062^**	0.021
Size			0.525^***	0.011
Lev			0.189^**	0.070
Growth			0.074^**	0.026
RD			0.022^***	0.003
Indep			0.194	0.193
TobinQ			0.028^***	0.005
Duality			−0.012	0.026
_cons	1.069^***	0.132	−10.305^***	0.261
Ind	Yes		Yes
Year	Yes		Yes
r2	0.246		0.418
r2_a	0.241		0.413
F	42.543		81.577

Variables	(1)		(2)
Variables	GI	p-value	GI	p-value
ESG	0.252^***	0.010	0.103^***	0.010
Age			−0.062^**	0.021
Size			0.525^***	0.011
Lev			0.189^**	0.070
Growth			0.074^**	0.026
RD			0.022^***	0.003
Indep			0.194	0.193
TobinQ			0.028^***	0.005
Duality			−0.012	0.026
_cons	1.069^***	0.132	−10.305^***	0.261
Ind	Yes		Yes
Year	Yes		Yes
r2	0.246		0.418
r2_a	0.241		0.413
F	42.543		81.577

Note(s): ***, ** and * indicate significant confidence levels at 1, 5 and 10%, respectively

Source(s): Developed by the authors