Table 5 Categories of corporate...

Table 5

Categories of corporate environmental performance

	Resource use	Emissions	Innovations
Intercept	8.873	−37.802	−145.547^***
Intercept	[0.220]	[1.020]	[4.030]
BOARDBEN	7.175^*	9.041^***	4.771
BOARDBEN	[1.900]	[2.600]	[1.410]
CEOBEN	0.789	4.284^**	−3.029^*
CEOBEN	[0.410]	[2.400]	[1.740]
ROE	0.073^**	0.048	−0.042
ROE	[2.080]	[1.480]	[1.280]
LNCAPEX	1.876^***	1.339^**	−3.678^***
LNCAPEX	[2.760]	[2.140]	[6.020]
LEV	12.098^***	0.075	−3.943
LEV	[2.600]	[0.020]	[0.920]
FAGE	0.097^**	0.032	0.157^***
FAGE	[2.140]	[0.780]	[3.850]
LNTA	4.724	5.200^***	−4.849^***
LNTA	[6.250]	[7.490]	[7.160]
MBV	−0.003	0.194	−0.407^*
MBV	[0.010]	[0.790]	[1.680]
BDIND	−4.401	9.837^***	11.485^***
BDIND	[1.040]	[2.540]	[3.020]
BDSIZE	4.074^***	3.357^***	4.442^***
BDSIZE	[7.720]	[6.920]	[9.390]
BDDIV	50.176^***	39.658^***	37.590^***
BDDIV	[6.500]	[5.590]	[5.370]
CEODUA	−5.245^**	4.396^*	3.754
CEODUA	[1.960]	[1.790]	[1.570]
CEOGEN	−21.673^***	−11.079^***	−4.156
CEOGEN	[5.280]	[2.940]	[1.130]
CEOTEN	0.245	0.165	0.272^*
CEOTEN	[1.430]	[1.050]	[1.690]
All Controls	Yes	Yes	Yes
Year and Industry Fixed Effects	Yes	Yes	Yes
Log Likelihood	−4145	−4066	−4002
Number of Observations	920	920	920

	Resource use	Emissions	Innovations
Intercept	8.873	−37.802	−145.547^***
Intercept	[0.220]	[1.020]	[4.030]
BOARDBEN	7.175^*	9.041^***	4.771
BOARDBEN	[1.900]	[2.600]	[1.410]
CEOBEN	0.789	4.284^**	−3.029^*
CEOBEN	[0.410]	[2.400]	[1.740]
ROE	0.073^**	0.048	−0.042
ROE	[2.080]	[1.480]	[1.280]
LNCAPEX	1.876^***	1.339^**	−3.678^***
LNCAPEX	[2.760]	[2.140]	[6.020]
LEV	12.098^***	0.075	−3.943
LEV	[2.600]	[0.020]	[0.920]
FAGE	0.097^**	0.032	0.157^***
FAGE	[2.140]	[0.780]	[3.850]
LNTA	4.724	5.200^***	−4.849^***
LNTA	[6.250]	[7.490]	[7.160]
MBV	−0.003	0.194	−0.407^*
MBV	[0.010]	[0.790]	[1.680]
BDIND	−4.401	9.837^***	11.485^***
BDIND	[1.040]	[2.540]	[3.020]
BDSIZE	4.074^***	3.357^***	4.442^***
BDSIZE	[7.720]	[6.920]	[9.390]
BDDIV	50.176^***	39.658^***	37.590^***
BDDIV	[6.500]	[5.590]	[5.370]
CEODUA	−5.245^**	4.396^*	3.754
CEODUA	[1.960]	[1.790]	[1.570]
CEOGEN	−21.673^***	−11.079^***	−4.156
CEOGEN	[5.280]	[2.940]	[1.130]
CEOTEN	0.245	0.165	0.272^*
CEOTEN	[1.430]	[1.050]	[1.690]
All Controls	Yes	Yes	Yes
Year and Industry Fixed Effects	Yes	Yes	Yes
Log Likelihood	−4145	−4066	−4002
Number of Observations	920	920	920

Note(s): Significance is denoted by ^*p < 0.10, ^**p < 0.05, ^***p < 0.01 and t-values are reported in parentheses below estimates. All the variable descriptions are provided in Appendix

Source(s): Authors’ own work

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