Table 4 Regression results of the moderating effect of firm visibility.

From: CEO facial attractiveness and firms’ environmental innovation: how does looking good lead to doing good?

Variables

FW

Model 3a

Model 3b

CFA

0.0166* (1.8034)

0.0170* (1.8464)

FV

0.0070 (0.6604)

0.0073 (0.6902)

CEOFA*FV

 

−0.0158** (−2.2659)

Gender

−0.1517*** (−2.8248)

−0.1407*** (−2.6125)

Tenure

0.0037 (1.4927)

0.0037 (1.4897)

Dual

0.0034 (0.1470)

0.0045 (0.1919)

Firm age

−0.2221 (−0.9251)

−0.2173 (−0.9059)

Size

0.0042 (0.1829)

0.0048 (0.2084)

Roa

−0.1071 (−0.6093)

−0.1301 (−0.7398)

GP

0.1578 (1.0687)

0.1737 (1.1763)

Board

−0.0933 (−1.3094)

−0.0954 (−1.3406)

Top1

0.0035** (2.0989)

0.0034** (2.0851)

_cons

2.6380*** (3.0960)

2.6004*** (3.0546)

Time effect

Yes

Yes

Individual effect

Yes

Yes

N

2286

2286

R2

0.170

0.172

F

24.164

23.094

  1. ***represents p < 0.01, **represents p < 0.05, and *represents p < 0.1.
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