Table 4

Fixed effects (FE) regression model with robust standard errors, Model 1 or basic model

Variable dependent: social_scoreBeta coefficientsRobust standard errors
csr_committee7.0933**2.1452
csr_sustainability_reporting13.3013**4.1180
internal_audit_department_reporting8.2366**2.6502
nations_ec_perf−0.04770.1058
Constant50.46854.9967
No of observations117 
R2 – within0.306 
F statistic7.00*** 
VIFs – mean3.25 
Heterosch, p value0.8207 
Hausman test24.28*** 

Notes:

^p < 0.1; *p < 0.05; **p < 0.01; ***p < 0.001

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