Table 6 The Moderating Role of Executive Characteristics.

From: Climate shocks and innovation persistence: evidence from extreme precipitation

Variable

(1)

(2)

(3)

(4)

IIP

OIP

IIP

OIP

Precipitation

−0.0852*** (−2.74)

−0.0946*** (−2.95)

−0.0849*** (−2.71)

−0.0932*** (−2.98)

Precipitation × RDB

0.0628** (2.42)

0.0824*** (3.18)

  

Precipitation × IE

  

0.0498** (2.41)

0.0763*** (3.82)

Controls

Yes

Yes

Yes

Yes

N

19165

19165

19165

19165

YEAR

Yes

Yes

Yes

Yes

FIRM

Yes

Yes

Yes

Yes

Adj_R2

0.418

0.419

0.416

0.418

  1. t-values in parentheses; *p < 0.10, **p < 0.05, ***p < 0.01.