Regression Results

CSR_DUM = 1

CSR_DUM = 0

f_CEO_fturnover

f_CEO_fturnover

highETR

−0.016

0.054**

(−0.65)

(2.45)

lowETR

−0.046*

−0.020

(−1.83)

(−0.90)

size

0.008

−0.001

(1.01)

(−0.07)

leverage

−0.065

0.049

(−0.69)

(0.57)

dsales

0.104*

−0.033

(1.89)

(−0.58)

dROA

−1.769***

−0.356

(−3.68)

(−1.00)

ownership

0.084***

0.070***

(3.60)

(3.61)

duality

0.072**

0.049*

(2.51)

(1.89)

meat_beat

−0.000

−0.039*

(−0.02)

(−1.69)

_cons

−0.170

0.011

(−0.97)

(0.06)

N

1437

1481