Table 6

Robustness test considering omitted variables

(1)(2)(3)(4)
VariablesDonate/EbitDonate/EbitDonate/EbitDonate/Ebit
Religion_1000.0164***0.0165***  
(0.006)(0.005)  
Religion_200  0.0042**0.0038**
  (0.002)(0.002)
Tax0.00800.03490.00650.0340
(0.037)(0.048)(0.036)(0.048)
Labor_Cost0.03130.08210.03800.0841
(0.120)(0.147)(0.120)(0.147)
Transport−0.00760.0753−0.00530.0748
(0.058)(0.082)(0.058)(0.082)
GDP_per0.0217−0.00110.0212−0.0007
(0.033)(0.042)(0.033)(0.041)
FI0.00030.00100.00040.0013
(0.001)(0.001)(0.001)(0.001)
Gov_Inv 0.0001 0.0001
 (0.000) (0.000)
Soc_Awe −0.0332 −0.0341
 (0.057) (0.057)
Trad_Value 0.0029 0.0031
 (0.003) (0.003)
Religion_Ine 0.0281 0.0272
 (0.018) (0.018)
Pov_Exp 0.0081* 0.0082*
 (0.005) (0.005)
ControlsYesYesYesYes
Industry FEYesYesYesYes
Province FEYesYesYesYes
Year FEYesYesYesYes
Adjust.R20.1170.1450.1130.143
Observations4,2382,8554,2542,858

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

[ViewLarge]
This Feature Is Available To Subscribers Only

or Create an Account

Close Modal
Close Modal