Table 4 Interpretation of elasticities.

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For every 1% increase in the probability of not having environmental certification, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.6567%.

1. Food, beverages, and tobacco

For every 1% increase in the probability of belonging to the category of food, beverages, and tobacco, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.567%.

11. Bogotá

For every 1% increase in the probability of being in Bogotá, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.982%.

13. Bolívar

For every 1% increase in the probability of being in Bolívar, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.961%.

15. Boyacá

For every 1% increase in the probability of being in Boyacá, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.941%.

19. Cauca

For every 1% increase in the probability of being in Cauca, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.062%.

2. Coking, manufacture of petroleum refining…

For every 1% increase in the probability of belonging to the category of coking and manufacturing of petroleum refining products and nuclear fuels, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.075%.

20. Cesar

For every 1% increase in the probability of being in Cesar, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.076%.

25.Cundinamarca

For every 1% increase in the probability of being in Cundinamarca, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.043%.

3. Manufacture of rubber and plastic products.

For every 1% increase in the probability of belonging to the category of manufacture of rubber and plastic products, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.847%.

4. Manufacture of chemical products and substan…

For every 1% increase in the probability of belonging to the category of manufacture of chemical products and substances, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.225%.

41. Huila

For every 1% increase in the probability of being in Huila, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.029%.

47. Magdalena

For every 1% increase in the probability of being in Magdalena, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.98%.

50. Meta

For every 1% increase in the probability of being in Meta, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.071%.

52. Nariño

For every 1% increase in the probability of being in Nariño, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.993%.

6. Manufacture of non-metallic mineral products

For every 1% increase in the probability of belonging to the category of manufacture of non-metallic mineral products, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.098%.

66. Risaralda

For every 1% increase in the probability of being in Risaralda, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.021%.

68. Santander

For every 1% increase in the probability of being in Santander, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.98%.

7. Metallurgy and manufacture of metal products.

For every 1% increase in the probability of belonging to the category of metallurgy and manufacture of metal products, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.975%.

70. Sucre

For every 1% increase in the probability of being in Sucre, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.019%.

73. Tolima

For every 1% increase in the probability of being in Tolima, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.971%.

76. Valle del Cauca

For every 1% increase in the probability of being in Valle del Cauca, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.219%.

8. Textile, apparel, footwear and leather products.

For every 1% increase in the probability of belonging to the category of textile, apparel, footwear, and leather products, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.962%.

8. Atlántico

For every 1% increase in the probability of being in Atlántico, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.035%.

85. Casanare

For every 1% increase in the probability of being in Casanare, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.084%.

9. Other industrial divisions

For every 1% increase in the probability of belonging to other industrial divisions, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.938%.

99. Vichada

For every 1% increase in the probability of being in Vichada, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.99%.

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For every 1% increase in the probability of making payments for environmental licenses, permits, fees, and fines, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.112%.

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For every 1% rise in the probability of expenditure on research and development (including basic, experimental, or applied, expressed in national currency units), the likelihood of the company meeting all three criteria for the target variable (Prowater) increases by 1.034%.

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For every 1% increase in the probability of spending on staff engaged in environmental protection activities, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 2.345%.

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For every 1% increase in the probability of investing in the management of mineral and energy resources, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.017%.

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For every 1% increase in the probability of investing in air and climate protection, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.523%.

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For every 1% increase in the probability of investing and spending on the treatment and disposal of hazardous waste, the probability that the company meets all three requirements of the Target variable (Prowater) decreases by 0.836%.

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For every 1% increase in the total volume of water used by the property in cubic meters per year, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 2.327%.

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For every 1% increase in payments for environmental policies (environmental insurance), the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.172%.

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For every 1% increase in value added expressed in units of national currency, the probability that the company meets all three requirements of the Target variable (Prowater) increases by 1.291%.