VARIABLES | logtotalcom | logsalary | logso |
ROA | −9.873 (−1.54) | −8.900* (−1.94) | −1.149 (−0.25) |
CSR | −0.009*** (−3.58) | −0.004** (−2.03) | −0.001 (−0.56) |
SIZE | 0.008 (0.10) | 0.025 (0.42) | 0.323*** (61.83) |
Leverage | −0.480 (−1.46) | −0.369 (−1.29) | −1.184*** (−4.39) |
CSR * ROA | 0.138* (1.95) | 0.116** (2.63) | −0.005 (−0.12) |
DUALITY | 0.013*** (4.12) | −0.001 (−0.02) | −0.162 (−1.57) |
BoardInd | 0.004 (1.57) | 0.004*** (7.52) | −0.005** (−2.56) |
CFAM | −0.164 (−1.13) | −0.040 (−0.16) | 0.274 (1.30) |
CEOFAMBOARD | −0.250** (−2.24) | −0.333*** (−38.21) | 0.077 (1.27) |
Industry and year dummies | Yes | Yes | Yes |
Constant | 14.384*** (20.28) | 13.216*** (25.35) | 11.771*** (32.17) |
Observations | 939 | 939 | 282 |
R-squared | 0.148 | 0.153 | 0.337 |