Table 5 Parallel trend test.

From: Does ETS reshape corporate green strategic behaviors? Evidence from innovation and merger & acquisition

Variables

(1)

(2)

Cripa

Gma

Before4

0.0333

(0.41)

−0.2109

(−0.83)

Before3

0.0767

(0.86)

0.3716

(1.18)

Before2

0.1332

(1.49)

0.1440

(0.36)

Before1

0.0698

(1.01)

0.3238

(0.77)

Current

0.1500**

(2.63)

1.0556***

(3.19)

After1

0.2161*

(1.93)

0.6991*

(1.80)

After2

0.1668***

(2.91)

0.4824**

(2.11)

After3

0.1534**

(2.14)

0.7593***

(2.66)

After4

0.1536**

(2.22)

1.0509***

(5.55)

Controls

Yes

Yes

Year

Yes

Yes

Firm/Ind

Yes

Yes

N

12,348

12,299

R2(Pseudo R2)

0.0252

0.0828

Back to article page