Table 7

Fixed effects (FE) regression model with robust standard errors, Model 4

Variable dependent: social_scoreBeta coefficientsRobust standard errors
gearing_lag10.00170.0103
csr_committee8.1406*3.4705
csr_sustainability_reporting13.1526**4.0414
internal_audit_department_reporting8.4008*3.3946
nations_ec_perf−0.08820.1439
constant50.54516.0712
No of observations105 
R2 – within0.313 
F statistic5.08*** 
VIFs – mean4.23 
Heterosch, p value0.9966 
Hausman test22.64*** 

Notes:

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

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