Table 7 Results of Westerlund (2007) test.

From: Delving into the green growth dilemma and ESG investing in Southeast Asia

Statistic

Outcome of test

Value of t-stat.

Prob.

Gt

−3.569

0.049

Ga

−13.110

0.004

Pt

−4.760

0.036

Pa

−6.102

0.003

  1. Source: Researcher.