Table 5 Average efficiency of key indicators (2018–2022).

From: The impact of environmental regulation on green investment efficiency of thermal power enterprises in China-based on a three-stage exogenous variable model

 

Thermal power installed capacity efficiency

Enterprise market value efficiency

Green investment efficiency

Social donation efficiency

ESG index efficiency

S*

S

S*

S

S*

S

S*

S

S*

S

2018

0.685

0.663

0.772

0.931

0.295

0.595

0.372

0.520

0.697

0.907

2019

0.600

0.629

0.838

0.841

0.319

0.398

0.281

0.354

0.751

0.810

2020

0.685

0.730

0.772

0.818

0.295

0.438

0.372

0.352

0.697

0.663

2021

0.636

0.703

0.779

0.826

0.423

0.542

0.384

0.424

0.829

0.732

2022

0.448

0.475

0.743

0.619

0.298

0.274

0.320

0.348

0.714

0.486

  1. S means considering exogenous variables. S* means not considering exogenous variables.