Variables

Proxies for Sustainability Practices

(1) Sustainability policies

(2) Clearly written operational procedures to control safety risks

(3) Investment in gas emission reduction technology

(4) Implementing waste & pollution control system

(5) Stakeholder engagement programs

(6) Stakeholder participation in sustainability reviews

(7) Clear information about environmental and health risks of operations

(8) Periodic publication of sustainability reports

Intercept

1.078***

(4.039)

3.733***

(20.214)

1.762***

(6.727)

3.354***

(15.595)

1.674***

(6.217)

1.109***

(4.752)

3.673***

(16.837)

0.354

(1.17)

Company size

0.039

(1.166)

0.028

(1.227)

0.079**

(2.392)

0.056**

(2.08)

0.117***

(3.446)

0.031

(1.056)

0.052*

(1.898)

0.095**

(2.501)

usage influence from economic stakeholders

0.425***

(7.995)

0.116***

(3.147)

0.075

(1.435)

0.091**

(2.119)

0.287***

(5.349)

0.059

(1.279)

0.188***

(4.339)

0.435***

(7.218)

usage influence from noneconomic stakeholder

0.159***

(3.268)

0.075**

(2.219)

0.297***

(6.225)

0.172***

(4.388)

0.196***

(4.001)

0.567***

(13.338)

-0.029

(-0.735)

0.178***

(3.222)

Usage influence from partnership & associations

0.151***

(2.638)

0.028

(0.697)

0.214***

(3.827)

0.014

(0.298)

0.047

(0.821)

0.025

(0.495)

0.018

(0.39)

0.192***

(2.974)

N

353

353

353

353

353

353

353

353

R²

0.326

0.095

0.25

0.133

0.268

0.412

0.107

0.336