Table 6 The effects of heterogenous CSR on the association between COVID-19 and corporate stock recovery.
RtnRecovery (1) | RtnRecovery (2) | RtnRecovery (3) | |
|---|---|---|---|
Logcovid19 | −0.001 [0.100] | −0.001 [0.096] | −0.001 [0.095] |
CSR | 0.970 [0.641] | ||
CSR*Logcovid19 | 0.151* [0.086] | ||
StrategicCSR | 0.777 [0.730] | ||
StrategicCSR*LogCovid19 | 0.198** [0.098] | ||
ResponsiveCSR | 0.502 [0.803] | ||
ResponsiveCSR*LogCovid19 | −0.001 [0.108] | ||
Size | −0.294*** [0.089] | −0.261*** [0.090] | −0.149* [0.084] |
Leverage | −2.943*** [0.417] | −2.951*** [0.417] | −3.016*** [0.417] |
ROA | −0.549 [0.427] | −0.494 [0.427] | −0.502 [0.427] |
MtB | −0.786*** [0.081] | −0.785*** [0.081] | −0.760*** [0.080] |
Age | −0.568*** [0.131] | −0.586*** [0.131] | −0.546*** [0.131] |
SOE | −0.557** [0.220] | −0.606*** [0.221] | −0.487** [0.221] |
Cash | 5.739*** [1.203] | 5.795*** [1.204] | 5.790*** [1.204] |
Growth | −1.033*** [0.263] | −0.996*** [0.263] | −1.053*** [0.263] |
Constant | 14.667*** [2.354] | 14.576*** [2.398] | 11.823*** [2.293] |
Week FE | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes |
N | 33165 | 33165 | 33165 |
adj. R-sq | 0.031 | 0.031 | 0.030 |
