| model_1 | model_2 | model_2 |
| performance | performance | performance |
env |
| −0.0005** | −0.0011** |
|
| (−1.967) | (−2.353) |
pai_giving |
|
| 0.0000* |
|
|
| (1.502) |
giving | 0.0005** | 0.0005** | 0.0001 |
| (2.072) | (2.059) | (0.285) |
fperformance | 0.1580*** | 0.1577*** | 0.1589*** |
| (10.020) | (10.008) | (10.073) |
size | −0.0085*** | −0.0084*** | −0.0082*** |
| (−4.905) | (−4.884) | (−4.767) |
debt | 0.0160** | 0.0161** | 0.0160** |
| (2.289) | (2.299) | (2.286) |
slack | 0.0009** | 0.0009** | 0.0009** |
| (2.404) | (2.397) | (2.378) |
dua | 0.0036** | 0.0037** | 0.0037** |
| (1.970) | (1.995) | (2.025) |
age | 0.0006 | 0.0004 | 0.0005 |
| (0.197) | (0.135) | (0.141) |
b_age | −0.0008** | −0.0008** | −0.0008* |
| (−2.012) | (−1.969) | (−1.943) |
first | 0.0066 | 0.0072 | 0.0070 |
| (0.690) | (0.754) | (0.735) |
ra_inde | 0.0092 | 0.0094 | 0.0096 |
| (1.139) | (1.158) | (1.189) |
_cons | 0.2291*** | 0.2308*** | 0.2311*** |
| (4.079) | (4.109) | (4.115) |
industry | include | include | include |
year | include | include | include |
N | 5751 | 5751 | 5751 |
r−squared | 0.044 | 0.046 | 0.046 |