Table 3 Baseline regression.

From: Impact of land prices on corporate carbon emission intensity

Variables

(1)

(2)

(3)

(4)

CEI

CEI

CEI

CEI

Price

0.121***

0.121***

0.234***

0.253***

(0.00904)

(0.0103)

(0.0101)

(0.0313)

Age

  

− 0.00926

− 0.00897

  

(0.00563)

(0.0135)

Size

  

− 0.0118***

0.111*

  

(0.00451)

(0.0589)

Lev

  

0.0771*

− 0.161

  

(0.0435)

(0.193)

Profit

  

− 0.0607

0.0179

  

(0.0420)

(0.189)

Soe

  

0.0122

− 0.0655

  

(0.0212)

(0.117)

Gdp

  

− 0.497***

− 0.496

  

(0.0311)

(0.405)

Growth

  

1.671***

− 2.171**

  

(0.154)

(0.953)

Structure

  

− 0.545***

0.608**

  

(0.0392)

(0.237)

Popgrowth

  

− 0.0648

0.0878

  

(0.325)

(0.786)

Fdi

  

0.0689

− 0.204

  

(0.373)

(0.907)

FisPressure

  

0.535***

0.555***

  

(0.0215)

(0.215)

Firm FE

No

No

No

Yes

Year FE

No

No

No

Yes

Robust

No

Yes

Yes

Yes

Observations

12,742

12,742

12,739

12,739

R-squared

0.014

0.014

0.102

0.155

  1. Firm FE represents firm fixed effects, Year FE represents year fixed effects, and Robust represents adopting clustered robust standard errors.
  2. ***p < 0.01, **p < 0.05, *p < 0.1.
  3. CEI represents Carbon Emission Intensity (Log(1 + Carbon emission/Value added)); Price denotes the Price of Land; Age indicates the Age of the Firm; Size refers to the Firm Size; Lev stands for the Asset-Liability Ratio; Profit represents Profitability; Soe indicates Ownership Type; Gdp corresponds to GDP per Capita; Growth denotes Development Growth; Structure reflects the Industry Structure; PopGrowth represents Population Growth; Fdi stands for Foreign Direct Investment; and FisPressure indicates Fiscal Pressure.
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