Table 4

Regression results

VariablesEuropeAmériqueAsie
Coefficientt-studentp-valueCoefficientt-studentp-valueCoefficientt-studentp-value
Cons231.0353111.080.000***67.989118.750.000***42.3603616.370.000***
BoardSZ−8.68878−90.870.000***−4.331776−21.410.000***−2.101486−14.060.000***
BoardTp−0.2179736−1.660.098*−4.485371−4.300.002***0.3885619−0.980.328
IndepB5.57302114.450.005***1.22861741.530.000***1.64870724.720.000***
Duality−0.3245701−16.560.000***−0.8765528−28.210.000***−11.05782−17.250.000***
GenderDv1.08038222.610.2530.23825561.220.2222.81593921.280.000***
CsrSust0.71727762.410.016**15.8436829.890.000***27.3872923.670.000***
BoardComp0.00762711.950.051*6.52e−077.150.000***2.23e−081.240.216
EnviInnov−2.36e−09−1.010.313−0.3450993−22.140.000***0.01470271.810.071*
F (8, 2,691)2756.01F(8, 1,944) 2252.06F(8, 1,384) 2152.81
Prob > F0.00000.00000.0000
R20.89120.90260.9256
R2 adjusted0.89090.90220.9252

Note(s): ***: Significant at the level of 1 %; **: Significant at the level of 5 %; *: Significant at the level of 10%

Source(s): Authors’ own elaboration

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