Table 2 Benchmark regression results.

From: How ESG accelerates the industrial robot applications in manufacturing

 

(1)

(2)

(3)

Variable

\(irp\)

\(irp\)

\(irp\)

\(esg\)

0.248***

0.248***

0.100***

(0.020)

(0.020)

(0.030)

\(tobinq\)

 

− 0.000

− 0.001

 

(0.002)

(0.003)

\(fixed\)

 

− 0.074

0.029

 

(0.048)

(0.088)

\(growth\)

 

− 0.001**

− 0.000*

 

(0.000)

(0.000)

\(assetgrowth\)

 

− 0.001

− 0.000

 

(0.001)

(0.001)

\(profit\)

 

− 0.023

− 0.020

 

(0.046)

(0.102)

\(roa\)

 

− 0.003

0.001

 

(0.015)

(0.021)

\(\_cons\)

1.790***

1.817***

1.804***

(0.008)

(0.021)

(0.037)

Obs

8456

8456

8456

R-squared

0.014

0.015

0.125

City FE

YES

YES

YES

Year FE

YES

YES

YES

  1. ***, **, and * indicate statistical significance at the 1%, 5%, and 10% levels, respectively, and values in parentheses are robust standard errors. Same below.