Table 8

Determinants of ESG data availability

VariablesEstimateStd. ErrorZp-valueSig
Size (log total assets)1.285***0.04530.98<0.001***
Country FEYes (47)    
Sector FEYes (18)    
Year FEYes (5)    
Squared correlation0.613    
N. Observations6,742    
Pseudo R-squared0.566    
BIC3,592.407    

Note(s): The dependent variable is equal to 1 if the firm reports an ESG score and 0 otherwise. The model is estimated using a logit specification with country, sector and year fixed effects. BIC denotes the Bayesian Information Criterion. *p < 0.1, **p < 0.05, ***p < 0.01

Source(s): Author’s own work

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