Table 4 Benchmark test results.
From: ESG and green innovation: nonlinear moderation of public attention
VARS | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
Green | Green | Green | Green | Green | Green | |
ESG | 0.105*** | 0.0695*** | 0.0894*** | 0.0664*** | 0.226** | 0.232*** |
(0.0110) | (0.0109) | (0.0111) | (0.0110) | (0.0889) | (0.0841) | |
Public | 0.0482 | 0.0240 | 0.0526 | 0.0301 | ||
(0.0534) | (0.0506) | (0.0533) | (0.0505) | |||
ESGPublic | 0.0094 | 0.0097 | 0.0670** | 0.0833*** | ||
(0.0123) | (0.0116) | (0.0318) | (0.0302) | |||
ESGPublic2 | −0.0081*** | −0.0099*** | ||||
(0.0031) | (0.0030) | |||||
Size | 0.172*** | 0.163*** | 0.164*** | |||
(0.0119) | (0.0121) | (0.0120) | ||||
Age | −0.267*** | −0.248*** | −0.225*** | |||
(0.0833) | (0.0832) | (0.0829) | ||||
Lev | 0.380** | 0.319** | 0.286* | |||
(0.159) | (0.159) | (0.158) | ||||
ROA | 0.621* | 0.713** | 0.625* | |||
(0.360) | (0.363) | (0.363) | ||||
Liq | −0.0145 | −0.0151 | −0.0151 | |||
(0.0145) | (0.0144) | (0.0143) | ||||
Share | −0.182* | −0.188* | −0.231** | |||
(0.0976) | (0.0974) | (0.0980) | ||||
Constant | −0.125*** | −3.047*** | −0.326 | −3.008*** | −0.348 | −3.130*** |
(0.048) | (0.366) | (0.253) | (0.437) | (0.253) | (0.436) | |
Obs | 2,668 | 2,668 | 2,668 | 2,668 | 2,668 | 2,668 |
R-squared | 0.156 | 0.239 | 0.177 | 0.250 | 0.179 | 0.254 |
Ind | Yes | Yes | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes | Yes | Yes |
