The conditioning effect results
| Variables | GI | p-value |
|---|---|---|
| ESG | 0.092*** | 0.011 |
| Gov | −0.031 | 0.027 |
| Interact | 0.046** | 0.017 |
| Age | −0.062** | 0.021 |
| Size | 0.524*** | 0.011 |
| Lev | 0.195** | 0.071 |
| Growth | 0.070** | 0.026 |
| RD | 0.022*** | 0.003 |
| Indep | 0.195 | 0.193 |
| TobinQ | 0.027*** | 0.005 |
| Duality | −0.011 | 0.026 |
| _cons | −10.464*** | 0.269 |
| Ind | Yes | |
| Year | Yes | |
| r2 | 0.419 | |
| r2_a | 0.414 | |
| F | 79.892 | |
| Variables | GI | |
|---|---|---|
| ESG | 0.092*** | 0.011 |
| Gov | −0.031 | 0.027 |
| Interact | 0.046** | 0.017 |
| Age | −0.062** | 0.021 |
| Size | 0.524*** | 0.011 |
| Lev | 0.195** | 0.071 |
| Growth | 0.070** | 0.026 |
| RD | 0.022*** | 0.003 |
| Indep | 0.195 | 0.193 |
| TobinQ | 0.027*** | 0.005 |
| Duality | −0.011 | 0.026 |
| _cons | −10.464*** | 0.269 |
| Ind | Yes | |
| Year | Yes | |
| r2 | 0.419 | |
| r2_a | 0.414 | |
| F | 79.892 | |
Note(s): ***, ** and * indicate significant confidence levels at 1, 5 and 10%, respectively
Source(s): Developed by the authors
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.