Table 6 Replacing dependent variables.
From: Environmental vertical management reform and firms’ ESG performance: evidence from China
(1) | (2) | (3) | (4) | |
|---|---|---|---|---|
ESG2 | E | S | G | |
Vertical | 0.313* | 0.213* | 0.631*** | 0.493*** |
(0.187) | (0.125) | (0.189) | (0.162) | |
Controls | YES | YES | YES | YES |
Firm/Year/Industry FE | YES | YES | YES | YES |
N | 10215 | 31997 | 31997 | 31997 |
Adj.R2 | 0.823 | 0.639 | 0.560 | 0.455 |
