Table 3 Estimation results of the effect...

Table 3

Estimation results of the effect of environmental clauses on outward FDI using the preferred specification and the event-study sample

	(1)	(2)
	Preferred FE: full sample	Preferred FE: event-study sample
Env_trade_agreement	−0.132	−0.121
Env_trade_agreement	(0.117)	(0.123)
Constant	−3.432^***	−3.452^***
Constant	(0.053)	(0.052)
Fixed effects	Yes	Yes
Observations	5,275	5,171
Pseudo R²	0.304	0.305

	(1)	(2)
	Preferred FE: full sample	Preferred FE: event-study sample
Env_trade_agreement	−0.132	−0.121
Env_trade_agreement	(0.117)	(0.123)
Constant	−3.432^***	−3.452^***
Constant	(0.053)	(0.052)
Fixed effects	Yes	Yes
Observations	5,275	5,171
Pseudo R²	0.304	0.305

Note(s): Standard errors in parentheses

^*p < 0.10, ^**p < 0.05, ^***p < 0.01

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