Table 14 Capital intensity heterogeneity.

From: ESG and green innovation: nonlinear moderation of public attention

VARS

High Capital intensity

Low Capital intensity

(1)

(2)

(3)

(4)

(5)

(6)

ESG

0.0845***

−0.0399

0.246***

0.0206

0.381***

0.274

(0.0123)

(0.0625)

(0.0951)

(0.0232)

(0.115)

(0.187)

Public

 

−0.0310

−0.0265

 

0.336***

0.324***

 

(0.0576)

(0.0571)

 

(0.104)

(0.106)

ESGPublic

 

0.0253*

0.101***

 

0.0734***

−0.0286

 

(0.0130)

(0.0346)

 

(0.0237)

(0.0650)

ESGPublic2

  

−0.0136***

  

−0.00450

  

(0.00344)

  

(0.00588)

Constant

−3.375***

−3.048***

−3.207***

−1.152

−2.512***

−2.427***

(0.408)

(0.504)

(0.501)

(0.784)

(0.861)

(0.884)

Observations

2182

2182

2182

485

485

485

R-squared

0.234

0.250

0.256

0.197

0.216

0.217

Controls

Yes

Yes

Yes

Yes

Yes

Yes

Ind

Yes

Yes

Yes

Yes

Yes

Yes

Year

Yes

Yes

Yes

Yes

Yes

Yes

  1. ***p < 0.01, **p < 0.05, *p < 0.1. Robust standard errors in parentheses.