Table 3

GLM predicting total ESG


Term
df1df2FP
Country (Canada vs. Mexico)14340.0060.937
Sector fixed effects643413.411<0.001
Years (2018–2024)64341.7800.102
LNAssets143473.420<0.001
LNEmployees14340.5230.470
LNAge14344.8280.029
Model fitR2 = 0.297; adj. R2 = 0.271

Note(s): Type III sums of squares; N = 451. Covariates: LNAssets, LNEmployees, LNAge. Sector fixed effects included. Country contrast estimate = 0.14, 95% CI [−3.25, 3.53]

Source(s): Author’s own work

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