Table 12.

Moderating effect analysis: common institutional ownership

Variables(1)(2)(3)(4)(5)(6)
EneOsaEneOsaEneOsa
Gplant × Coz0.2451* (0.1370)6.5049** (2.9756)0.1367* (0.0785)3.2189* (1.6565)0.1538* (0.0785)3.7622** (1.6598)
Gplant0.1009*** (0.0175)2.8519*** (0.3632)0.0146* (0.0085)0.5806*** (0.1708)0.0156* (0.0085)0.5965*** (0.1709)
Coz0.0014 (0.0976)1.8206 (2.0124)0.0271 (0.0549)0.8442 (1.0991)0.0286 (0.0553)0.8609 (1.1084)
ControlsNONONONOYESYES
Firm FENONOYESYESYESYES
Year FENONOYESYESYESYES
Constant0.6062*** (0.0093)11.6489*** (0.1824)0.6168*** (0.0016)11.9665*** (0.0326)0.7599*** (0.1774)12.3222*** (3.4542)
N263982639826393263932639326393
R20.00600.01300.84290.85510.84350.8562
Note(s):

Standard errors at the firm-level cluster in parentheses. *p < 0.10, **p < 0.05, ***p < 0.01

Source(s): Authors’ own work

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