Table 8 Benchmark regression results.

From: Does larger scale enhance carbon efficiency? Assessing the impact of corporate size on manufacturing carbon emission efficiency

 

\(O{LS}\)

\(FE\)

\(S{YS}-{GMM}\)

\((1)\)

\((2)\)

\((3)\)

L.lnMCEE

  

0.8155*** (49.64)

lnCS

0.1905*** (16.47)

0.1321*** (7.80)

0.0250*** (10.62)

\(\mathrm{ln}{\rm{EE}}\)

−0.1367*** (−22.77)

−0.0085 (−0.38)

−0.0005 (−0.21)

lnPS

−0.0195* (−1.78)

0.0003 (0.03)

0.0042* (1.66)

lnMC

0.1176* (1.71)

0.1874*** (3.88)

0.0343*** (2.61)

Constant

−0.4768*** (−18.09)

−0.7724*** (−10.91)

−0.1268*** (−8.84)

AR (1)

  

0.0866

AR (2)

  

0.7200

Sargan test

  

0.2247

R2

0.732

0.256

 

N

290

290

261

  1. Note: *, **, and *** indicate that the significance test has been passed at the 10%, 5%, and 1% levels respectively.
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