| public utility industry | non-public utility industry | public utility industry | non-public utility industry |
CSR*CSR | 0.0001*** (3.34) | 0.0001*** (4.88) | 0.00008** (2.69) | 0.00002* (1.66) |
CSR | −0.0059** (−2.26) | −0.0016* (−1.92) | −0.0056** (−2.23) | −0.0001 (−0.15) |
leverage | 0.0758** (2.58) | 0.07674*** (7.71) | 0.0201 (0.75) | 0.0067 (0.67) |
size | −0.1465*** (−15.51) | −0.0858*** (−22.97) | −0.2407*** (−19.42) | −0.1778*** (−32.13) |
pbr | −0.0022 (−0.43) | −0.0009 (−0.02) | −0.0020 (−0.47) | −0.0047 (−0.16) |
beta | −0.0741*** (−3.30) | −0.07458*** (−8.36) | 0.0879** (2.28) | 0.0524*** (3.82) |
growth | 0.0002 (1.18) | 0.0007 (0.18) | −0.00002 (−0.09) | 0.0056* (1.75) |
Firm fixed | N | N | Y | Y |
Year fixed | N | N | Y | Y |
Adj_R2 | 0.0847 | 0.0474 | 0.4703 | 0.4059 |