Fig. 5: Marginal Effects of GLCs on the CD-ESG Relationship. | Humanities and Social Sciences Communications

Fig. 5: Marginal Effects of GLCs on the CD-ESG Relationship.

From: Bridging digitalization and environmental, social, and governance performance: the moderating effect of CEO duality and government linked corporations

Fig. 5

(Note: this figure depicts the estimated marginal effects of CD on ESG performance for firms with and without Government-Linked. The analysis controls for FirmAge, Lev, ROA, Growth, Loss, Board, Indep, Top1, and Mshare. Error bars represent 95% confidence intervals. The interaction term (CD * GLCs) is statistically significant at the 1% level, indicating that the presence of GLCs enhances the impact of CD on ESG performance).

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