Table 15 Life cycle heterogeneity.
From: ESG and green innovation: nonlinear moderation of public attention
VARS | Growth firms | Maturity firms | Decline firms | ||||||
|---|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
ESG | 0.104*** | 0.0337 | 0.294* | 0.0631*** | 0.0784 | 0.221 | 0.0473*** | −0.0266 | 0.188 |
(0.0219) | (0.105) | (0.167) | (0.0192) | (0.0947) | (0.140) | (0.0173) | (0.0965) | (0.143) | |
Public | 0.0373 | 0.0446 | 0.0750 | 0.0725 | −0.0309 | −0.0142 | |||
(0.0960) | (0.0959) | (0.0866) | (0.0865) | (0.0875) | (0.0872) | ||||
ESGPublic | 0.0138 | 0.100* | −0.00313 | −0.0677 | 0.0150 | −0.0765 | |||
(0.0218) | (0.0598) | (0.0199) | (0.0511) | (0.0201) | (0.0500) | ||||
ESGPublic2 | −0.0120** | 0.00707 | 0.00947** | ||||||
(0.00579) | (0.00513) | (0.00482) | |||||||
Constant | −3.165*** | −3.301*** | −3.484*** | −3.295*** | −3.381*** | −3.421*** | −3.205*** | −3.011*** | −3.182*** |
(0.829) | (0.961) | (0.961) | (0.648) | (0.756) | (0.755) | (0.586) | (0.728) | (0.726) | |
Observations | 757 | 757 | 757 | 966 | 966 | 966 | 945 | 945 | 945 |
R-squared | 0.274 | 0.298 | 0.302 | 0.218 | 0.227 | 0.228 | 0.295 | 0.298 | 0.302 |
Controls | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Ind | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
