Table 4 Changing the screening criteria for REPGFs.

From: Price subsidies and firm resilience: evidence from the renewable energy power generation industry in China

Variable

\(RESILIENCE1\)

 

(1)

(2)

(3)

(4)

TREAT × POST

0.0303 (7.33)

0.0364 (2.12)

0.0382 (2.12)

0.0320 (2.39)

SIZE

0.0741 (8.65)

0.0030 (2.25)

0.0033 (2.43)

0.0046 (1.72)

AGE

0.4834 (5.13)

0.8363 (9.87)

0.4228 (2.66)

0.6287 (2.34)

LEV

−0.0369 (−0.82)

−0.0889 (−1.11)

−0.0101 (−1.71)

0.0100 (1.57)

ROA

0.0083 (0.07)

0.0324 (0.31)

0.0108 (0.62)

0.0063 (0.33)

BOARD

0.1415 (3.81)

0.0564 (0.96)

0.1189 (2.29)

0.1124 (2.02)

TOP1

−0.0138 (−0.26)

−0.0004 (−0.01)

−0.0032 (−0.40)

−0.0214 (−0.89)

BM

0.3077 (6.24)

0.5843 (10.10)

0.3212 (3.39)

0.4470 (4.79)

FIXED

0.0943 (2.12)

0.0563 (2.76)

0.0112 (2.36)

0.0080 (1.08)

Firm FE

No

Yes

No

Yes

Year FE

No

No

Yes

Yes

Obs

930

930

930

930

Adj R2

0.3826

0.5203

0.4826

0.4210

  1. This table shows the implementation of the MMFGAREPG and the resilience of REPGFs using the sample of changing the screening criteria for REPGFs.
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