Table 8

The results of controls the province fixed effects

VariablesGIp-value
ESG0.101***0.010
Age−0.044*0.022
Size0.518***0.012
Lev0.228**0.071
Growth0.077**0.026
RD0.021***0.003
Indep0.2210.194
TobinQ0.027***0.005
Duality−0.0030.026
_cons−10.197***0.268
IndYes
YearYes
ProvinceYes
r2_a0.427
F0.420

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

Source(s): Developed by the authors

or Create an Account

Close subscription notice
Close access options