Table 6 PSM-DID tests.

From: Can carbon emission trading policies promote the withdrawal of government subsidies and the green development of enterprises? Empirical evidence from China’s A-share market

Variables

GS

GP

(1)

(2)

(3)

(4)

Treat × Time

−1.501*** (0.416)

−0.924** (0.323)

0.079*** (0.013)

0.064** (0.031)

Control variables

YES

YES

YES

YES

Individual FE

YES

YES

YES

YES

Province-Year FE

YES

YES

YES

YES

Industries-Year FE

YES

YES

YES

YES

Observations

5961

3674

5950

3120

adj. R2

0.210

0.253

0.242

0.256

  1. Model 1 and Model 3 show the regression results using the sample that satisfies the common support assumption; Model 2 and Model 4 show the regression results using the weighted matching sample.
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