Table 5. Regression – RQ1 Sales growth... | Emerald Publishing

Table 5.

Regression – RQ1

	Sales growth		Profitability
	Estimate	p-value	Estimate	p-value
UNGC	0.105	0.422	−0.006	0.341
OHSAS18001	0.030	0.017	0.025	0.000
KYOTO	0.018	0.165	−0.000	0.782
Firm size	−0.027	0.000	0.006	0.000
Leverage	−0.035	0.174	0.016	0.138
Eqi	0.023	0.143	0.002	0.176
Env_Dyn	0.012	0.067	0.003	0.267
Mkt_share	−0.144	0.150	−0.014	0.647
Mtb	−0.021	0.001	0.009	0.521
Intercept	0.409	0.000	−0.056	0.000
Year fixed effects	Included		Included
Industry fixed effects	included		Included
Mean VIF	1.70		2.35
Max VIF	2.44		3.86
Adj. R²	0.344		0.442
N	517		517

	Sales growth		Profitability
	Estimate	p-value	Estimate	p-value
UNGC	0.105	0.422	−0.006	0.341
OHSAS18001	0.030	0.017	0.025	0.000
KYOTO	0.018	0.165	−0.000	0.782
Firm size	−0.027	0.000	0.006	0.000
Leverage	−0.035	0.174	0.016	0.138
Eqi	0.023	0.143	0.002	0.176
Env_Dyn	0.012	0.067	0.003	0.267
Mkt_share	−0.144	0.150	−0.014	0.647
Mtb	−0.021	0.001	0.009	0.521
Intercept	0.409	0.000	−0.056	0.000
Year fixed effects	Included		Included
Industry fixed effects	included		Included
Mean VIF	1.70		2.35
Max VIF	2.44		3.86
Adj. R²	0.344		0.442
N	517		517

Note(s): P-values are two-tailed and robust to heteroscedasticity

Source(s): Authors’ own work