Table 2 Baseline results.
From: Change starts within: does managerial ability matter to green innovation?
Variables | GP | GP | GIP | GIP |
|---|---|---|---|---|
(1) | (2) | (3) | (4) | |
MA | 3.458** | 3.906*** | 2.694*** | 2.957*** |
(2.568) | (2.780) | (3.130) | (3.216) | |
SIZE | 2.598*** | 1.393*** | ||
(3.950) | (3.485) | |||
EMPLOY | 1.777*** | 1.143*** | ||
(3.150) | (2.732) | |||
LEV | −3.850*** | −2.772*** | ||
(−2.743) | (−3.027) | |||
ROA | 1.592 | 0.090 | ||
(1.350) | (0.126) | |||
GRO | −0.033 | −0.019 | ||
(−1.612) | (−1.006) | |||
LISTAGE | −1.360 | −0.524 | ||
(−0.614) | (−0.471) | |||
PAY | 0.302 | 0.317 | ||
(0.485) | (0.693) | |||
ASTURN | −0.956 | −0.488 | ||
(−1.492) | (−1.228) | |||
DUAL | 0.058 | 0.294 | ||
(0.131) | (1.044) | |||
TOP1 | 0.134 | 1.102 | ||
(0.045) | (0.515) | |||
INDEP | −1.180 | −2.070 | ||
(−0.231) | (−0.631) | |||
Intercept | 6.565*** | −53.440** | 3.499*** | −34.061** |
(788.826) | (−1.986) | (657.671) | (−2.071) | |
Year FE | Yes | Yes | Yes | Yes |
Firm FE | Yes | Yes | Yes | Yes |
N | 15,457 | 15,457 | 15,457 | 15,457 |
Adj. R2 | 0.648 | 0.653 | 0.624 | 0.629 |
