Table 9 Analysis of the heterogeneity of... | Emerald Publishing

Table 9

Analysis of the heterogeneity of green patent types

Variables	IGpat	p-value	UGpat	p-value
ESG	0.091^***	0.010	0.063^***	0.009
Age	−0.029	0.020	−0.108^***	0.019
Size	0.495^***	0.011	0.385^***	0.010
Lev	0.050	0.068	0.294^***	0.062
Growth	0.050^*	0.024	0.082^***	0.023
RD	0.027^***	0.003	0.001	0.003
Indep	0.320	0.183	0.292	0.169
TobinQ	0.032^***	0.005	0.021^***	0.005
Duality	−0.026	0.025	−0.005	0.023
_cons	−10.107^***	0.252	−7.033^***	0.232
Ind	Yes		Yes
Year	Yes		Yes
r2_a	0.383		0.406
F	0.378		0.401

Variables	IGpat	p-value	UGpat	p-value
ESG	0.091^***	0.010	0.063^***	0.009
Age	−0.029	0.020	−0.108^***	0.019
Size	0.495^***	0.011	0.385^***	0.010
Lev	0.050	0.068	0.294^***	0.062
Growth	0.050^*	0.024	0.082^***	0.023
RD	0.027^***	0.003	0.001	0.003
Indep	0.320	0.183	0.292	0.169
TobinQ	0.032^***	0.005	0.021^***	0.005
Duality	−0.026	0.025	−0.005	0.023
_cons	−10.107^***	0.252	−7.033^***	0.232
Ind	Yes		Yes
Year	Yes		Yes
r2_a	0.383		0.406
F	0.378		0.401

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

Source(s): Developed by the authors