Table 7 Using the alternative sample excluding outliers.
From: CSR decoupling and stock price crash risk: Evidence from China
(1) | (2) | |
|---|---|---|
NCSKEWt+1 | DUVOLt+1 | |
CSR_GAPt | 0.0209*** | 0.0101** |
(4.1877) | (2.5277) | |
Sigmat | 0.1133 | −0.6577 |
(0.0948) | (−0.7283) | |
Rett | 11.5790*** | 7.7065*** |
(4.3642) | (4.8318) | |
Levt | 0.0489 | 0.0559 |
(0.5420) | (1.1658) | |
Sizet | 0.0427*** | 0.0181* |
(3.1431) | (1.8771) | |
BMt | −0.0633** | −0.0396** |
(−2.8192) | (−2.8481) | |
ROAt | 0.7542** | 0.3804** |
(2.7660) | (2.5630) | |
Opaquet | 0.1854* | 0.1623** |
(1.8784) | (2.4925) | |
Dturnt | −0.0800 | −0.0183 |
(−1.1811) | (−0.3923) | |
_cons | −1.3051*** | −0.6047** |
(−3.9555) | (−2.3959) | |
Year & Industry FE | Yes | Yes |
Observations | 4762 | 4762 |
Adjusted R2 | 0.0711 | 0.0708 |
