Table 8

Fixed effects (FE) regression model with robust standard errors, Model 5

Variable dependent: social_scoreBeta coefficientsRobust standard errors
csr_committee17.9427**6.0316
stk_engag_score*csr_committee0.01790.0438
stk_engag_score*(1-csr_committee)0.1757**0.0579
csr_sustainability_reporting17.7491**3.4253
internal_audit_department_reporting5.5684***1.3388
nations_ec_perf0.00720.0956
constant41.63545.1835
No of observations117 
R2 – within0.373 
F statistic9.98*** 
VIFs – mean4.77 
Heterosch, p value0.8989 
Hausman test23.89*** 
Chow test6.67** 

Notes:

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

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