Table 3 Robustness test.

From: How ESG accelerates the industrial robot applications in manufacturing

Variables

(1) Kernel

(2) Caliper

(3) Near-neighbor

(4) Lag processing

(5) Sample exclusion

(6) IV test

(7) Replace explanatory variables

\(esg\)

0.100*** (0.030)

0.101*** (0.030)

0.100*** (0.030)

0.061* (0.032)

0.120*** (0.033)

0.194** (0.078)

0.106** (0.043)

\(\_cons\)

0.008** (0.004)

1.816*** (0.041)

1.820*** (0.040)

1.813*** (0.041)

1.809*** (0.039)

1.804*** (0.024)

1.412*** (0.186)

Control variable

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Year F.E

Yes

Yes

Yes

Yes

Yes

Yes

Yes

City F.E

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Obs

8416

8393

8418

7848

7552

8456

8456

R-squared

0.126

0.127

0.126

0.127

0.125

 

0.182