Table 16 Marketization heterogeneity.

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

VARS

High marketization

Low marketization

(1)

(2)

(3)

(4)

(5)

(6)

ESG

0.0745***

0.0695

0.253**

0.0339*

0.149

0.181

 

(0.0141)

(0.0741)

(0.111)

(0.0176)

(0.0956)

(0.159)

Public

 

0.0675

0.0581

 

0.154*

0.153*

  

(0.0668)

(0.0666)

 

(0.0904)

(0.0904)

ESGPublic

 

0.00107

0.0822**

 

−0.0264

−0.0415

  

(0.0148)

(0.0399)

 

(0.0215)

(0.0640)

ESGPublic2

  

−0.00903**

  

0.00173

   

(0.00396)

  

(0.00694)

Constant

−4.075***

−4.385***

−4.338***

−1.492**

−1.893**

−1.902**

 

(0.462)

(0.560)

(0.558)

(0.599)

(0.776)

(0.776)

Observations

1782

1782

1782

886

886

886

R-squared

0.246

0.256

0.259

0.276

0.282

0.282

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.