Table 7 Robustness test results...

Table 7

Robustness test results

Dependent variable	ESGP	EnvP	SocP	GovP
Narcissism_ binary	1.637	−2.047	4.337^*	3.644
Narcissism_ binary	(1.832)	(3.611)	(1.919)	(2.031)
CAge	−0.482^***	−0.833^**	−0.158	−0.347^*
CAge	(0.135)	(0.257)	(0.148)	(0.159)
CGender	−3.467	−2.679	−7.359^*	−1.232
CGender	(3.247)	(5.711)	(3.209)	(2.069)
FSize	1.058	−0.468	1.666	2.122^*
FSize	(1.002)	(1.869)	(1.017)	(0.876)
ROA	29.31^**	44.99^*	41.43^***	34.94^***
ROA	(10.81)	(18.18)	(9.633)	(7.970)
FAge	0.00527	0.189	−0.266^*	0.0168
FAge	(0.100)	(0.189)	(0.108)	(0.106)
BSize	0.682	1.010	0.632	−0.276
BSize	(0.577)	(1.086)	(0.581)	(0.562)
Constant	25.57	60.85	−13.65	24.63
Constant	(35.15)	(65.80)	(36.32)	(30.52)
N	132	132	132	132
Adj. R²	0.317	0.258	0.279	0.184
Year FE	Yes	Yes	Yes	Yes
Industry FE	Yes	Yes	Yes	Yes

Dependent variable	ESGP	EnvP	SocP	GovP
Narcissism_ binary	1.637	−2.047	4.337^*	3.644
Narcissism_ binary	(1.832)	(3.611)	(1.919)	(2.031)
CAge	−0.482^***	−0.833^**	−0.158	−0.347^*
CAge	(0.135)	(0.257)	(0.148)	(0.159)
CGender	−3.467	−2.679	−7.359^*	−1.232
CGender	(3.247)	(5.711)	(3.209)	(2.069)
FSize	1.058	−0.468	1.666	2.122^*
FSize	(1.002)	(1.869)	(1.017)	(0.876)
ROA	29.31^**	44.99^*	41.43^***	34.94^***
ROA	(10.81)	(18.18)	(9.633)	(7.970)
FAge	0.00527	0.189	−0.266^*	0.0168
FAge	(0.100)	(0.189)	(0.108)	(0.106)
BSize	0.682	1.010	0.632	−0.276
BSize	(0.577)	(1.086)	(0.581)	(0.562)
Constant	25.57	60.85	−13.65	24.63
Constant	(35.15)	(65.80)	(36.32)	(30.52)
N	132	132	132	132
Adj. R²	0.317	0.258	0.279	0.184
Year FE	Yes	Yes	Yes	Yes
Industry FE	Yes	Yes	Yes	Yes

Note(s): Standard errors in parentheses; ^*p < 0.05, ^**p < 0.01, ^***p < 0.001

ESGP: ESG Performance; EnvP: Environmental Performance; SocP: Social Performance; GovP: Governance Performance; CAge: CEO Age; CGender: CEO Gender; FSize: Firm Size; ROA: Return on Asset; FAge: Firm Age; BSize: Board Size

Source(s): Authors' own creation

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