Table 8 The mechanism analysis: Governance mechanism.
From: The impact of common institutional ownership on green innovation of China’s energy firms
Dependent variables | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
EP_ratio | EP_ratio | EP_ratio | Greenpat | Greenpat | Greenpat | |
L.Coz1 | 0.031*** | 0.601*** | ||||
(3.50) | (7.76) | |||||
L.Coz2 | 0.047*** | 0.702*** | ||||
(4.90) | (8.02) | |||||
L.Coz3 | 0.045*** | 0.938*** | ||||
(3.42) | (6.65) | |||||
L.EP_ratio | 0.959*** | 0.935*** | 0.978*** | |||
(7.97) | (7.77) | (8.13) | ||||
Controls | Yes | Yes | Yes | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes | Yes | Yes | Yes |
N | 2924 | 2924 | 2924 | 2924 | 2924 | 2924 |
Adj_R² | 0.122 | 0.125 | 0.121 | 0.353 | 0.354 | 0.347 |
