Variables

CSR

Test 1

Test 2

Test 3

Coefficient

t-value

Coefficient

t-value

Coefficient

t-value

0.79***

50.80

0.62***

19.31

0.67***

22.55

AGE

−0.15*

−1.67

−0.66

−1.30

−1.09**

−2.47

Constant

1.19***

2.66

2.87**

2.15

−0.30

0.51

Control

Variables

Yes

Yes

Yes

R2

0.69

0.42

0.51

Observations

1215

602

613