Table 7. Regression – RQ3 Sales growth... | Emerald Publishing

Table 7.

Regression – RQ3

	Sales growth				Profitability
	Interaction with RQ1		Interaction with RQ2		Interaction with RQ1		Interaction with RQ2
	Estimate	p-value	Estimate	p-value	Estimate	p-value	Estimate	p-value
UNGC	−0.035	0.183			−0.008	0.224
KYOTO	0.039	0.269			−0.006	0.196
OHSAS18001	−0.000	0.972	0.021	0.205	0.022	0.000	0.031	0.000
UNGC_ OHSAS18001			0.023	0.502			0.008	0.329
OHSAS18001_ KYOTO			0.069	0.047			0.006	0.054
UNGC_ OHSAS18001_ KYOTO			0.026	0.534			0.010	0.030
EQI_UNGC	−0.053	0.207			−0.004	0.583
EQI_KYOTO	0.052	0.041			0.005	0.048
EQI_OHSAS18001	−0.005	0.805	0.020	0.496	0.002	0.543	0.014	0.105
EQI_UNGC_ OHSAS18001			0.015	0.731			−0.017	0.204
EQI_ OHSAS18001_ KYOTO			0.089	0.059			−0.022	0.139
EQI_UNGC_ OHSAS18001_ KYOTO			0.012	0.747			−0.005	0.514
EQI	0.006	0.736	−0.018	0.424	0.002	0.521	0.002	0.615
Firm size	−0.001	0.695	−0.003	0.330	0.004	0.003	0.005	0.000
Leverage	−0.028	0.278	−0.025	0.353	0.009	0.393	0.009	0.361
Env_Dyn	0.004	0.396	0.005	0.312	0.002	0.484	0.001	0.607
Mkt_share	0.220	0.092	0.238	0.074	−0.025	0.006	−0.019	0.010
Mtb	0.170	0.059	0.159	0.099	0.025	0.454	0.078	0.553
Intercept	0.100	0.227	0.282	0.046	−0.071	0.002	−0.085	0.000
Year fixed effects	included		Included		Included		Included
Industry fixed effects	included		Included		Included		Included
Mean VIF	4.15		3.90		4.15		3.90
Max VIF	4.70		4.84		4.70		4.79
Adj. R²	0.107		0.109		0.242		0.213
N	517		517		517		517

	Sales growth				Profitability
	Interaction with RQ1		Interaction with RQ2		Interaction with RQ1		Interaction with RQ2
	Estimate	p-value	Estimate	p-value	Estimate	p-value	Estimate	p-value
UNGC	−0.035	0.183			−0.008	0.224
KYOTO	0.039	0.269			−0.006	0.196
OHSAS18001	−0.000	0.972	0.021	0.205	0.022	0.000	0.031	0.000
UNGC_ OHSAS18001			0.023	0.502			0.008	0.329
OHSAS18001_ KYOTO			0.069	0.047			0.006	0.054
UNGC_ OHSAS18001_ KYOTO			0.026	0.534			0.010	0.030
EQI_UNGC	−0.053	0.207			−0.004	0.583
EQI_KYOTO	0.052	0.041			0.005	0.048
EQI_OHSAS18001	−0.005	0.805	0.020	0.496	0.002	0.543	0.014	0.105
EQI_UNGC_ OHSAS18001			0.015	0.731			−0.017	0.204
EQI_ OHSAS18001_ KYOTO			0.089	0.059			−0.022	0.139
EQI_UNGC_ OHSAS18001_ KYOTO			0.012	0.747			−0.005	0.514
EQI	0.006	0.736	−0.018	0.424	0.002	0.521	0.002	0.615
Firm size	−0.001	0.695	−0.003	0.330	0.004	0.003	0.005	0.000
Leverage	−0.028	0.278	−0.025	0.353	0.009	0.393	0.009	0.361
Env_Dyn	0.004	0.396	0.005	0.312	0.002	0.484	0.001	0.607
Mkt_share	0.220	0.092	0.238	0.074	−0.025	0.006	−0.019	0.010
Mtb	0.170	0.059	0.159	0.099	0.025	0.454	0.078	0.553
Intercept	0.100	0.227	0.282	0.046	−0.071	0.002	−0.085	0.000
Year fixed effects	included		Included		Included		Included
Industry fixed effects	included		Included		Included		Included
Mean VIF	4.15		3.90		4.15		3.90
Max VIF	4.70		4.84		4.70		4.79
Adj. R²	0.107		0.109		0.242		0.213
N	517		517		517		517

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

Source(s): Authors’ own work