Table 13 Heterogeneity analysis: Heterogeneity of industrial financial constraints.
From: The impact of common institutional ownership on green innovation of China’s energy firms
Dependent variables | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
High Industrial financial constraints | Low Industrial financial constraints | High Industrial financial constraints | Low Industrial financial constraints | High Industrial financial constraints | Low Industrial financial constraints | |
L.Coz1 | 0.641*** | 0.321 | ||||
(7.66) | (1.52) | |||||
L.Coz2 | 0.768*** | 0.333 | ||||
(8.16) | (1.60) | |||||
L.Coz3 | 1.049*** | 0.333 | ||||
(6.60) | (1.39) | |||||
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes | Yes | Yes | Yes |
N | 2267 | 657 | 2267 | 657 | 2267 | 657 |
Adj_R² | 0.354 | 0.253 | 0.357 | 0.253 | 0.348 | 0.252 |
P-value | 0.078* | 0.026** | 0.012** | |||
