Results of BMA model averaging
| Depentent variable | |||||
|---|---|---|---|---|---|
| Environmental regulations | |||||
| p! = 0 | EV | SD | Model 1 | ||
| Intercept | 100 | 0.76727 | 0.165014 | 7.673e−01 | |
| Payments/gifts | 100 | 1.94173 | 0.109447 | 1.942e+00 | |
| Political connection | 0 | 0 | 0 | ||
| EPI | 100 | 0.06094 | 0.006643 | 6.094e−02 | |
| EQI | 100 | 0.34271 | 0.073718 | 3.43 E+02 | |
| Obstacles | 100 | ||||
| No obstacle | −0.18625 | 0.145554 | −1.862e−01 | ||
| Not a priority related to other investments | −0.36050 | 0.145063 | −3.605e−01 | ||
| Not profitable | 0.15472 | 0.214808 | 1.547e−01 | ||
| Operational and/or technical risk | −0.09691 | 0.274144 | −9.691e−02 | ||
| Uncertainty about future prices | 0.60742 | 0.269182 | 6.074e−01 | ||
| Uncertainty about regulations | 0.51383 | 0.255548 | 5.138e−01 | ||
| Energy target | 0 | 0.000 | 0.000 | ||
| Climate objectives | 0 | 0.000 | 0.000 | ||
| CO2 targets | 0 | 0.000 | 0.000 | ||
| Climate responsible | 0 | 0.000 | 0.000 | ||
| Energy consumption | 0 | 0.000 | 0.000 | ||
| Energy taxes | 0 | 0.000 | 0.000 | ||
| Energy standards | 0 | 0.000 | 0.000 | ||
| CO2 monitoring | 100 | 0.49410 | 0.128383 | 4.941e−01 | |
| Pollution control | 0 | 0 | 0 | ||
| Public expenditures (environment) | 100 | 0.43728 | 0.109830 | 4.373e−01 | |
| Public expenditures (energy) | 0 | 0.000 | 0.000 | ||
| Water management | 0 | 0.000 | 0.000 | ||
| Waste recycling and reduction | 0 | 0.000 | 0.000 | ||
| Lock-in | 0 | 0.000 | 0.000 | ||
| Physical risk | 0 | 0.000 | 0.000 | ||
| Sector | 100 | ||||
| Non-manufacturing | −0.37809 | 0.071063 | −3.781e−01 | ||
| Size | 100 | ||||
| Medium | −0.24547 | 0.096402 | −2.455e−01 | ||
| Small | −0.42529 | 0.093585 | −4.253e−01 | ||
| Certification | 0 | 0.000 | 0.000 | ||
| KPI | 0 | 0.000 | 0.000 | ||
| Innovation | 0 | 0.000 | 0.000 | ||
| Patent | 0 | 0.000 | 0.000 | ||
| R&D | 0 | 0.000 | 0.000 | ||
| Financial exposure | 100 | 0.35214 | 0.071385 | 3.521e−01 | |
| nVar | 8 | ||||
| BIC | −3.157e+04 | ||||
| Post Prob | 1 | ||||
| Depentent variable | |||||
|---|---|---|---|---|---|
| Environmental regulations | |||||
| p! = 0 | EV | SD | Model 1 | ||
| Intercept | 100 | 0.76727 | 0.165014 | 7.673e−01 | |
| Payments/gifts | 100 | 1.94173 | 0.109447 | 1.942e+00 | |
| Political connection | 0 | 0 | 0 | ||
| EPI | 100 | 0.06094 | 0.006643 | 6.094e−02 | |
| EQI | 100 | 0.34271 | 0.073718 | 3.43 E+02 | |
| Obstacles | 100 | ||||
| No obstacle | −0.18625 | 0.145554 | −1.862e−01 | ||
| Not a priority related to other investments | −0.36050 | 0.145063 | −3.605e−01 | ||
| Not profitable | 0.15472 | 0.214808 | 1.547e−01 | ||
| Operational and/or technical risk | −0.09691 | 0.274144 | −9.691e−02 | ||
| Uncertainty about future prices | 0.60742 | 0.269182 | 6.074e−01 | ||
| Uncertainty about regulations | 0.51383 | 0.255548 | 5.138e−01 | ||
| Energy target | 0 | 0.000 | 0.000 | ||
| Climate objectives | 0 | 0.000 | 0.000 | ||
| CO2 targets | 0 | 0.000 | 0.000 | ||
| Climate responsible | 0 | 0.000 | 0.000 | ||
| Energy consumption | 0 | 0.000 | 0.000 | ||
| Energy taxes | 0 | 0.000 | 0.000 | ||
| Energy standards | 0 | 0.000 | 0.000 | ||
| CO2 monitoring | 100 | 0.49410 | 0.128383 | 4.941e−01 | |
| Pollution control | 0 | 0 | 0 | ||
| Public expenditures (environment) | 100 | 0.43728 | 0.109830 | 4.373e−01 | |
| Public expenditures (energy) | 0 | 0.000 | 0.000 | ||
| Water management | 0 | 0.000 | 0.000 | ||
| Waste recycling and reduction | 0 | 0.000 | 0.000 | ||
| Lock-in | 0 | 0.000 | 0.000 | ||
| Physical risk | 0 | 0.000 | 0.000 | ||
| Sector | 100 | ||||
| Non-manufacturing | −0.37809 | 0.071063 | −3.781e−01 | ||
| Size | 100 | ||||
| Medium | −0.24547 | 0.096402 | −2.455e−01 | ||
| Small | −0.42529 | 0.093585 | −4.253e−01 | ||
| Certification | 0 | 0.000 | 0.000 | ||
| KPI | 0 | 0.000 | 0.000 | ||
| Innovation | 0 | 0.000 | 0.000 | ||
| Patent | 0 | 0.000 | 0.000 | ||
| R&D | 0 | 0.000 | 0.000 | ||
| Financial exposure | 100 | 0.35214 | 0.071385 | 3.521e−01 | |
| nVar | 8 | ||||
| BIC | −3.157e+04 | ||||
| Post Prob | 1 | ||||
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