Table 7

Change the green innovation measure method

VariablesGpatp-value
ESG0.056***0.008
Age−0.135***0.018
Size0.258***0.010
Lev0.1020.060
Growth−0.0090.022
RD0.008**0.003
Indep−0.0890.162
TobinQ0.014**0.005
Duality−0.069**0.022
_cons−4.387***0.223
IndYes
YearYes
r20.310
r2_a0.303
F48.901

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

Source(s): Developed by the authors

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