Table 2 Testing of hypothesis 1.

From: ESG ratings empower high-quality development of logistics enterprises through digital transformation and green innovation

VAR

(1)

(2)

(3)

(4)

(5)

(6)

Enterprise scale

Enterprise efficiency

SIZE1

SIZE1

 

TFP1

TFP1

 

EGS1

0.0706**

0.1149***

0.0827***

0.1621***

0.1497***

0.1459***

(2.162)

(3.624)

(2.891)

(3.942)

(2.932)

(2.912)

Control

N

Y

Y

N

Y

Y

New Control

N

N

Y

N

N

Y

Enterprises

Y

Y

Y

Y

Y

Y

City-Year

Y

Y

Y

Y

Y

Y

OBS

561

490

479

426

364

357

SR2_A

0.965

0.964

0.967

0.902

0.904

Y

  1. Note: The values in parentheses ( ) represent t-values; ***, **, and * denote p < 0.01, p < 0.05, and p < 0.1. It is worth noting that columns (2) and (5) are the benchmark results of this article, and columns (3) and (6) are intended to mitigate the potential issue of omitted variables, with additional robustness results added later.
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