Table 8 CSR, COVID-19 shock and stock daily return recovery.
Dayrtn_recovery | Dayrtn_recovery | Dayrtn_recovery | |
|---|---|---|---|
(1) | (2) | (3) | |
LogCovid19day | −0.001 [0.075] | −0.001 [0.074] | −0.001 [0.074] |
CSR | 0.541*** [0.159] | ||
CSR*LogCovid19day | 0.531*** [0.136] | ||
StrategicCSR | 0.916*** [0.182] | ||
StrategicCSR*LogCovid19day | 0.886*** [0.241] | ||
ResponsiveCSR | −0.108 [0.198] | ||
ResponsiveCSR*LogCovid19day | −0.001 [0.046] | ||
Size | −0.428*** [0.032] | −0.482*** [0.033] | −0.345*** [0.031] |
Leverage | −2.578*** [0.153] | −2.545*** [0.153] | −2.616*** [0.153] |
ROA | −0.730*** [0.159] | −0.708*** [0.159] | −0.684*** [0.159] |
MtB | −0.822*** [0.029] | −0.835*** [0.029] | −0.809*** [0.029] |
Age | −0.545*** [0.048] | −0.572*** [0.048] | −0.543*** [0.048] |
SOE | 1.417*** [0.080] | 1.338*** [0.081] | 1.430*** [0.081] |
Cash | 4.056*** [0.440] | 4.070*** [0.440] | 4.111*** [0.440] |
Growth | −0.415*** [0.096] | −0.373*** [0.096] | −0.409*** [0.096] |
Constant | 15.561*** [0.937] | 17.061*** [0.953] | 14.178*** [0.919] |
Day FE | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes |
N | 169300 | 169300 | 169300 |
adj. R-sq | 0.048 | 0.049 | 0.048 |
