Table 7 Analysis of corporate properties.

From: The impact of carbon emissions trading on innovation bubbles in manufacturing enterprises

 

(1)

(2)

(3)

(4)

(5)

(6)

Small company

Large company

quantity

quality

quality_5

quantity

quality

quality_5

treat×post×production

-0.146

1.656

1.381

-0.0935

0.888*

0.695*

(-1.634)

(1.583)

(1.456)

(-0.935)

(1.841)

(1.663)

treat×post

0.110

-1.457

-1.184

0.0615

-1.218***

-0.943**

(1.254)

(-1.473)

(-1.312)

(0.887)

(-2.705)

(-2.406)

treat×production

0.0370

-1.798

-1.477

0.601***

-3.217***

-2.874***

(1.185)

(-1.344)

(-1.198)

(7.571)

(-3.163)

(-2.899)

post×production

-0.00643

-0.261

-0.212

0.00213

-0.630***

-0.537***

(-0.569)

(-1.204)

(-1.096)

(0.070)

(-4.798)

(-4.629)

post

0.0284***

0.341

0.270

-0.00945

0.407***

0.304***

(2.792)

(1.604)

(1.423)

(-0.364)

(3.172)

(2.723)

production

0.0645***

0.409*

0.404**

0.275***

0.298*

0.287*

(11.996)

(1.904)

(2.086)

(13.548)

(1.674)

(1.823)

_cons

-1.023***

2.410

2.072

-5.997***

6.657***

6.369***

(-10.520)

(1.167)

(1.109)

(-19.841)

(3.306)

(3.656)

Controls

Yes

Yes

Yes

Yes

Yes

Yes

Firm fixed

Yes

Yes

Yes

Yes

Yes

Yes

Year fixed

Yes

Yes

Yes

Yes

Yes

Yes

N

8458

8458

8458

8454

8454

8454

Adj.R2

0.063

0.425

0.413

0.186

0.472

0.478

  1. t statistics in parentheses *p < .1, **p < .05, ***p < .01.