Table 5 The results of the mechanism analysis.

From: Big data and firm greenwashing: evidence from China’s national big data comprehensive pilot zone

Variables

(1)

ET

(2)

GI

(3)

DA

(4)

ES

Post×Treat

−0.1090**

0.3432*

−0.0255*

−11.9693***

 

(0.0519)

(0.1997)

(0.0151)

(3.6221)

Controls

Yes

Yes

Yes

Yes

Firm/Year/Industry×Year

/Province×Year

Yes

Yes

Yes

Yes

N

8204

10509

10026

8782

Adj. R2

0.5665

0.7322

0.2003

0.4340

  1. Numbers in parentheses are robust standard errors. ***, **, and * are significant at 1%, 5%, and 10% levels, respectively.
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