Table 5 Firm fixed effects.
From: CSR decoupling and stock price crash risk: Evidence from China
(1) | (2) | |
|---|---|---|
NCSKEWt+1 | DUVOLt+1 | |
CSR_GAPt | 0.0251** | 0.0120* |
(2.3979) | (1.7017) | |
Sigmat | 1.7234* | 0.4288 |
(1.8074) | (0.6684) | |
Rett | 11.2269*** | 8.0938*** |
(6.3657) | (6.9481) | |
Levt | −0.0882 | −0.0317 |
(−0.5654) | (−0.3028) | |
Sizet | 0.1416*** | 0.0855*** |
(3.3341) | (3.0190) | |
BMt | −0.0831*** | −0.0567*** |
(−4.6328) | (−4.5598) | |
ROAt | 0.1404 | 0.0995 |
(0.4483) | (0.5008) | |
Opaquet | 0.1443 | 0.1111 |
(0.6982) | (0.8347) | |
Dturnt | −0.1551*** | −0.0900** |
(−2.8389) | (−2.4868) | |
_cons | −3.5919*** | −2.1655*** |
(−3.7167) | (−3.3549) | |
Year FE | Yes | Yes |
Firm FE | Yes | Yes |
Observations | 5297 | 5297 |
Adjusted R2 | 0.1208 | 0.1204 |
