Table 9 Economic benefits.

From: Green finance policy and corporate carbon emissions: advancing corporate sustainability

Variable

DID

DML

(1)

(2)

(3)

(4)

(5)

(6)

Panel A: Operating fee (t + 1)

γtce

−0.042***

  

−0.050***

  
 

(0.007)

  

(0.008)

  

γdce

 

−0.065***

  

−0.076***

 
  

(0.011)

  

(0.012)

 

γice

  

−0.122***

  

−0.142***

   

(0.021)

  

(0.022)

Panel B: Corporate value (t + 1)

γtce

−0.069***

  

−0.065***

  
 

(0.021)

  

(0.022)

  

γdce

 

−0.106***

  

−0.099***

 
  

(0.032)

  

(0.033)

 

γice

  

−0.199***

  

−0.185***

   

(0.061)

  

(0.062)

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

N

11,817

11,817

11,817

11,817

11,817

11,817

  1. In this table, ***denotes significance levels of 1%, and ** in Table 3 denotes significance levels of 5%. * in Table 6 denotes significance levels of 10%. The figures in () are se.
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