Change the green innovation measure method
| Variables | Gpat | p-value |
|---|---|---|
| ESG | 0.056*** | 0.008 |
| Age | −0.135*** | 0.018 |
| Size | 0.258*** | 0.010 |
| Lev | 0.102 | 0.060 |
| Growth | −0.009 | 0.022 |
| RD | 0.008** | 0.003 |
| Indep | −0.089 | 0.162 |
| TobinQ | 0.014** | 0.005 |
| Duality | −0.069** | 0.022 |
| _cons | −4.387*** | 0.223 |
| Ind | Yes | |
| Year | Yes | |
| r2 | 0.310 | |
| r2_a | 0.303 | |
| F | 48.901 | |
| Variables | Gpat | |
|---|---|---|
| ESG | 0.056*** | 0.008 |
| Age | −0.135*** | 0.018 |
| Size | 0.258*** | 0.010 |
| Lev | 0.102 | 0.060 |
| Growth | −0.009 | 0.022 |
| RD | 0.008** | 0.003 |
| Indep | −0.089 | 0.162 |
| TobinQ | 0.014** | 0.005 |
| Duality | −0.069** | 0.022 |
| _cons | −4.387*** | 0.223 |
| Ind | Yes | |
| Year | Yes | |
| r2 | 0.310 | |
| r2_a | 0.303 | |
| F | 48.901 | |
Note(s): ***, ** and * indicate significant confidence levels at 1, 5 and 10%, respectively
Source(s): Developed by the authors
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