Table 4 Cultural Inclusivity and CSR: Instrumental Variable Method.
From: Cultural inclusivity and corporate social responsibility in China
(1) | (2) | (3) | (4) | |
|---|---|---|---|---|
Stage1 | Stage2 | Stage1 | Stage2 | |
Dependent variable | CI | CSR | Out_diet | CSR |
Re_am | -0.129*** (-45.240) | -0.119*** (-41.787) | ||
CI | 6.680*** (4.794) | |||
Out_diet | 8.509*** (4.773) | |||
Cont. | √ | √ | √ | √ |
Fixed-Effects | √ | √ | √ | √ |
Observations | 10,140 | 10,140 | 10,140 | 10,140 |
R-squared | 0.676 | 0.235 | 0.494 | 0.228 |
