Moderating effect of law enforcement
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| Variables | Donate/Ebit | Donate/Ebit | Lndonate | Lndonate |
| Religion_100 | 0.0088*** | 0.5658*** | ||
| (0.003) | (0.139) | |||
| Religion_100*Law | −0.0138*** | −0.6233*** | ||
| (0.004) | (0.198) | |||
| Religion_200 | 0.0035*** | 0.1744*** | ||
| (0.001) | (0.053) | |||
| Religion_200*Law | −0.0052*** | −0.1743** | ||
| (0.001) | (0.072) | |||
| Law | 0.3860 | 0.3103 | −0.1229 | −0.1874 |
| (0.600) | (0.632) | (0.322) | (0.326) | |
| Controls | Yes | Yes | Yes | Yes |
| Industry FE | Yes | Yes | Yes | Yes |
| Province FE | Yes | Yes | Yes | Yes |
| Year FE | Yes | Yes | Yes | Yes |
| Adjust.R2 | 0.238 | 0.178 | 0.422 | 0.420 |
| Observations | 3,278 | 3,280 | 3,276 | 3,278 |
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| Variables | ||||
| 0.0088*** | 0.5658*** | |||
| (0.003) | (0.139) | |||
| −0.0138*** | −0.6233*** | |||
| (0.004) | (0.198) | |||
| 0.0035*** | 0.1744*** | |||
| (0.001) | (0.053) | |||
| −0.0052*** | −0.1743** | |||
| (0.001) | (0.072) | |||
| 0.3860 | 0.3103 | −0.1229 | −0.1874 | |
| (0.600) | (0.632) | (0.322) | (0.326) | |
| Yes | Yes | Yes | Yes | |
| Yes | Yes | Yes | Yes | |
| Yes | Yes | Yes | Yes | |
| Yes | Yes | Yes | Yes | |
| 0.238 | 0.178 | 0.422 | 0.420 | |
| 3,278 | 3,280 | 3,276 | 3,278 |
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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