Table 2

Basic regression of corporate poverty alleviation on religious atmosphere

(1)(2)(3)(4)
VariablesDonate/EbitDonate/EbitLndonateLndonate
Religion_1000.0169*** 0.2282*** 
(0.005) (0.085) 
Religion_200 0.0043*** 0.0664**
 (0.002) (0.027)
Size−0.0031**−0.0034**0.8410***0.8311***
(0.002)(0.002)(0.027)(0.027)
Roe−0.1333***−0.1376***1.4729***1.3925***
(0.031)(0.029)(0.516)(0.485)
Lev0.0363***0.0353***−0.3872*−0.3481*
(0.013)(0.012)(0.213)(0.205)
Top100.01180.00910.6072**0.5636**
(0.017)(0.015)(0.254)(0.255)
First−0.0236*−0.0221−0.3921−0.4315*
(0.013)(0.015)(0.254)(0.253)
Growth0.00260.00400.01370.0262
(0.005)(0.007)(0.110)(0.111)
Constant0.1908**0.2167***−5.8784***−5.4787***
(0.079)(0.041)(0.928)(0.695)
Industry FEYesYesYesYes
Province FEYesYesYesYes
Year FEYesYesYesYes
Adjust.R20.1140.1120.4250.420
Observations4,2584,2644,2544,260

Note(s): Robust standard errors are clustered at the firm level and provided in parentheses. ***, **, * denote significance at 1%, 5%, and 10% levels respectively

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