Table 1 Main analysis – panel data...

Table 1

Main analysis – panel data regression results

Variables	CSRGap
Variables	Coef. (Std. Err.)
Independent variables
ACIndep	0.0012808 (0.0006271)
ACGenderDiv	−0.0004499 (0.0002359)**
ACExpert	−0.0359191 (0.0064782)***
ACSize	−0.0012064 (0.0011665)
ACTenure	0.0002177 (0.001193)
ACMeet	−0.00202324 (0.0450483)
Control variables
Size	−0.0022319 (0.0036632)
CAPEX	−0.0000795 (0.000039)
CashFlowOA	2.60e-12 (1.07e-12)
ROA	0.0153811 (0.0170946)
Leverage	0.0098559 0 (0.0107804)
TobinsQ	0.0003745 (0.0004459)
LOSS	0.0009881 (0.0056791)
Accruals	1.85e-12 (1.36e-12)
GovCommittee	0.0123619 (0.0085211)
CSRCommittee	0.0001664 (0.0077443)
BGenderDiv	0.0001336 (0.0000987)
BSize	−0.0005005 (0.000497)
CEODuality	0.0090877 (0.0070998)
ESGS	0.0000249 (0.0001046)
EUTaxonomy	−0.0094624 (0.0048795)**
CSRD	−0.0082087 (0.003181)***
Assurance	0.0098759 (0.0073594)
Industry, country and year controlled
Groups	3,833
Number of obs	13,488
R²	21.50

Variables	CSRGap
Variables	Coef. (Std. Err.)
Independent variables
ACIndep	0.0012808 (0.0006271)
ACGenderDiv	−0.0004499 (0.0002359)**
ACExpert	−0.0359191 (0.0064782)***
ACSize	−0.0012064 (0.0011665)
ACTenure	0.0002177 (0.001193)
ACMeet	−0.00202324 (0.0450483)
Control variables
Size	−0.0022319 (0.0036632)
CAPEX	−0.0000795 (0.000039)
CashFlowOA	2.60e-12 (1.07e-12)
ROA	0.0153811 (0.0170946)
Leverage	0.0098559 0 (0.0107804)
TobinsQ	0.0003745 (0.0004459)
LOSS	0.0009881 (0.0056791)
Accruals	1.85e-12 (1.36e-12)
GovCommittee	0.0123619 (0.0085211)
CSRCommittee	0.0001664 (0.0077443)
BGenderDiv	0.0001336 (0.0000987)
BSize	−0.0005005 (0.000497)
CEODuality	0.0090877 (0.0070998)
ESGS	0.0000249 (0.0001046)
EUTaxonomy	−0.0094624 (0.0048795)**
CSRD	−0.0082087 (0.003181)***
Assurance	0.0098759 (0.0073594)
Industry, country and year controlled
Groups	3,833
Number of obs	13,488
R²	21.50

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

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