Posterior summary of coefficients
| Coefficient | P(incl) | P(incl|data) | BFinclusion | Mean | SD | 95% credible interval | |
|---|---|---|---|---|---|---|---|
| Lower | Upper | ||||||
| Intercept | 1.000 | 1.000 | 1.000 | 3.703 | 0.073 | 3.568 | 3.838 |
| Quickreactiontomktinfo | 0.500 | 0.304 | 0.436 | 0.002 | 0.060 | −0.141 | 0.157 |
| Recentevents | 0.500 | 0.814 | 4.389 | 0.277 | 0.184 | 0.000 | 0.575 |
| negativereactiont onegativeESGnews | 0.500 | 0.412 | 0.701 | 0.058 | 0.108 | −0.044 | 0.337 |
| Activeduringextr emeweatherevents | 0.500 | 0.921 | 11.664 | 0.409 | 0.202 | 0.000 | 0.711 |
| Coefficient | P(incl) | P(incl|data) | BFinclusion | Mean | SD | 95% credible interval | |
|---|---|---|---|---|---|---|---|
| Lower | Upper | ||||||
| Intercept | 1.000 | 1.000 | 1.000 | 3.703 | 0.073 | 3.568 | 3.838 |
| Quickreactiontomktinfo | 0.500 | 0.304 | 0.436 | 0.002 | 0.060 | −0.141 | 0.157 |
| Recentevents | 0.500 | 0.814 | 4.389 | 0.277 | 0.184 | 0.000 | 0.575 |
| negativereactiont onegativeESGnews | 0.500 | 0.412 | 0.701 | 0.058 | 0.108 | −0.044 | 0.337 |
| Activeduringextr emeweatherevents | 0.500 | 0.921 | 11.664 | 0.409 | 0.202 | 0.000 | 0.711 |
Note(s): Intercept: Baseline inclination towards Socially Responsible Investment (SRI) decisions, P(incl): Probability of inclusion in the model
P(incl|data): Probability of inclusion given the data
BFinclusion: Bayesian factor for inclusion
Mean: Mean value of the coefficient
SD: Standard Deviation of the coefficient
95% Credible Interval: The range within which the true value of the coefficient is likely to fall with 95% confidence
Source(s): Table by authors
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