| Variables | Coef. | t-value |
| Constant | 0.09 | 2.97 *** |
| Green | −0.007 | −1.73 * |
| Size | −0.003 | −2.35** |
| LEV | −0.003 | −0.76 |
| ROA | 0.007 | 1.29 |
| Inver | 0.013 | 3.78*** |
| F-value |
| 3.508*** |
| Adj-R2 |
| 0.018 |
| N |
| 1276 |