Table 4 The effect of CSR on the association between COVID-19 and corporate stock return.

From: The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China

 

WkRtn%

WkRtn%

Logcovid19

−0.598*** [0.040]

−0.606*** [0.040]

CSR

 

0.100 [0.107]

CSR*Logcovid19

 

0.018** [0.009]

Size

−0.144*** [0.036]

−0.164*** [0.038]

Leverage

−0.003 [0.179]

0.007 [0.179]

ROA

0.512*** [0.184]

0.502*** [0.184]

MtB

−0.028 [0.035]

−0.032 [0.035]

Age

0.079 [0.056]

0.077 [0.056]

SOE

0.05 [0.095]

0.045 [0.095]

Cash

−0.108 [0.519]

−0.119 [0.519]

Growth

0.217* [0.113]

0.216* [0.113]

Constant

9.296*** [0.985]

9.699*** [1.013]

Week FE

Control

Control

Industry FE

Control

Control

N

33215

33215

adj. R-sq

0.045

0.045

  1. Note: [] denotes standard errors. ***, **, and * denote significance levels at 1, 5, and 10%, respectively.
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