Weighted least squares regression model for the dependent variable Tobin's Q
| Tobin's Q | ||||
|---|---|---|---|---|
| Variable | Coefficient | Standard error | t-ratio | p-value |
| ESG rating | 0.1469 | 0.05337 | 2.75 | 0.0060 |
| Debt-to-equity ratio (DOT) | −0.1404 | 0.04877 | −2.88 | 0.0040 |
| Company size (Size) | −1.7351 | 0.13650 | −12.71 | 0.0000 |
| Constant | 20.7326 | 1.43607 | 14.44 | 0.0000 |
| R2 | 0.2456 | |||
| Adjusted R2 | 0.2417 | |||
| F-statistic | 61.97 | |||
| Prob > F | 0.0000 | |||
| Tobin's Q | ||||
|---|---|---|---|---|
| Variable | Coefficient | Standard error | ||
| ESG rating | 0.1469 | 0.05337 | 2.75 | 0.0060 |
| Debt-to-equity ratio (DOT) | −0.1404 | 0.04877 | −2.88 | 0.0040 |
| Company size (Size) | −1.7351 | 0.13650 | −12.71 | 0.0000 |
| Constant | 20.7326 | 1.43607 | 14.44 | 0.0000 |
| 0.2456 | ||||
| Adjusted | 0.2417 | |||
| F-statistic | 61.97 | |||
| Prob > F | 0.0000 | |||