Table 3 Potential endogeneity.
From: Green finance policy and corporate carbon emissions: advancing corporate sustainability
Variable | DID | DML | ||||
|---|---|---|---|---|---|---|
tce | dce | ice | tce | dce | ice | |
(1) | (2) | (3) | (4) | (5) | (6) | |
Panel A: PSM | ||||||
gfp | −0.213*** | −0.139*** | −0.074*** | −0.207*** | −0.136*** | −0.071*** |
(0.061) | (0.040) | (0.022) | (0.062) | (0.040) | (0.022) | |
N | 13,024 | 13,024 | 13,024 | 13,025 | 13,025 | 13,025 |
Panel B: IV | ||||||
gfp | −0.715*** | −0.454*** | −0.261*** | −0.626*** | −0.397** | −0.230*** |
(0.251) | (0.163) | (0.090) | (0.240) | (0.157) | (0.086) | |
N | 13,156 | 13,156 | 13,156 | 13,156 | 13,156 | 13,156 |
x | Yes | Yes | Yes | Yes | Yes | Yes |
xn | No | No | No | Yes | Yes | Yes |
industry | Yes | Yes | Yes | Yes | Yes | Yes |
firm | Yes | Yes | Yes | Yes | Yes | Yes |
year | Yes | Yes | Yes | Yes | Yes | Yes |
province | Yes | Yes | Yes | Yes | Yes | Yes |
