Table 20 Further analysis: Heterogeneity of industrial financial constraints.
From: The impact of common institutional ownership on green innovation of China’s energy firms
Dependent variables | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
High Industrial financial constraints | Low Industrial financial constraints | High Industrial financial constraints | Low Industrial financial constraints | High Industrial financial constraints | Low Industrial financial constraints | |
L.GreenCoz1 | 0.485*** | 2.529*** | ||||
(3.42) | (11.70) | |||||
L.GreenCoz2 | 0.730*** | 3.648*** | ||||
(3.80) | (11.70) | |||||
L.GreenCoz3 | 0.875*** | 8.010*** | ||||
(2.73) | (11.70) | |||||
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes | Yes | Yes | Yes |
N | 2267 | 657 | 2267 | 657 | 2267 | 657 |
Adj_R² | 0.337 | 0.257 | 0.338 | 0.257 | 0.334 | 0.257 |
P-value | 0.000*** | 0.000*** | 0.000*** | |||
