Table 8 The moderating effect of government environmental regulation.
From: Digital transformation as an ESG performance catalyst with insights from China’s external governance
Variables | ESG | Non-provincial capitals | Provincial capitals |
|---|---|---|---|
(1) | (2) | (3) | |
DT*Government | 0.044*** | 0.045** | 0.048** |
(3.02) | (2.46) | (2.33) | |
DT | 0.012 | 0.008 | 0.015 |
(1.02) | (0.53) | (1.21) | |
Government | -0.004 | -0.022 | 0.030 |
(-0.17) | (-0.92) | (0.95) | |
Controls | Yes | Yes | Yes |
Firm FE | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes |
City FE | Yes | Yes | Yes |
Observations | 32631 | 16689 | 15910 |
R-squared | 0.602 | 0.602 | 0.616 |
