Table 4

Regression results

Dependent variable: IAQ Model (1)Dependent variable: IAQ Model (2)Dependent variable: IAQ Model (3)Dependent variable: IAQ Model (4)Dependent variable: IAQ Model (5)
FAM_OW 0.013** (0.005)0.013** (0.005)0.013** (0.005)0.013** (0.005)
FIB  −0.001 (0.006)−0.001 (0.006)0.001 (0.006)
F_LEAD   0.029 (0.108)0.012 (0.107)
F_GEN    −0.291*** (0.110)
LEV− 0.693*** (0.189)−0.663*** (0.189)−0.670*** (0.191)−0.664*** (0.192)−0.639*** (0.191)
PROFIT0.150 (0.270)0.030 (0.273)0.033 (0.273)0.038 (0.274)0.062 (0.271)
SIZE0.167*** (0.052)0.188*** (0.052)0.188*** (0.052)0.189*** (0.052)0.194*** (0.052)
GROWTH0.099*** (0.028)0.097*** (0.028)0.097*** (0.028)0.096*** (0.028)0.094*** (0.027)
GEO_LOC0.174 (0.268)0.195 (0.255)0.200 (0.259)0.197 (0.261)0.215 (0.262)
B_SIZE0.000 (0.024)0.003 (0.024)0.002 (0.025)0.002 (0.025)0.015 (0.025)
CEO_DUALITY0.064 (0.085)0.099 (0.086)0.103 (0.088)0.102 (0.088)0.117 (0.087)
N_IND0.016 (0.028)0.016 (0.028)0.016 (0.028)0.015 (0.028)0.020 (0.027)
SUST_COM0.111 (0.081)0.112 (0.081)0.109 (0.082)0.111 (0.083)0.124 (0.082)
Years, IndustryYesYesYesYesYes
INTERCEPT−2.008** (1.021)−3.161*** (1.090)−3.118*** (1.107)− 3.151*** (1.119)−2.920*** (1.118)
Observations320320320320320
R-squared (overall)0.240.280.280.280.31
Wald Chi-square80.06***87.91***87.61***87.37***95.96***

Notes:

Standard errors are in parenthesis. Variables are described in Table 1; *p < 0.1; **p < 0.05; ***p < 0.01

Source: Authors’ own creation

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