Table 13 ROA and prior-year social... | Emerald Publishing

Table 13

ROA and prior-year social pillar

Variables	Estimate	Std. Error	t-value	Sig
Soc_t−1	0.000279	0.000107	2.608	**
Size (log total assets)	−0.001291	0.000265	−4.864	***
Year 2022	0.023132	0.007727	2.993	**
Year 2023	0.040206	0.006844	5.875	***
Year 2024	0.041046	0.006890	5.957	***
Constant	0.054916	0.011953	4.594	***
Firm FE	No
Year FE	Yes
N. Observations	1,180
R-squared	0.067
Wald test	16.664***

Variables	Estimate	Std. Error	t-value	Sig
Soc_t−1	0.000279	0.000107	2.608	**
Size (log total assets)	−0.001291	0.000265	−4.864	***
Year 2022	0.023132	0.007727	2.993	**
Year 2023	0.040206	0.006844	5.875	***
Year 2024	0.041046	0.006890	5.957	***
Constant	0.054916	0.011953	4.594	***
Firm FE	No
Year FE	Yes
N. Observations	1,180
R-squared	0.067
Wald test	16.664***

Note(s): *p < 0.1, **p < 0.05, ***p < 0.01

Source(s): Author’s own work