The Level of Regional Economic Development, Green Image, and Enterprise Environmental Protection Investment: Empirical Evidence from China
Table 4
Regression results.
Variables
Model (1)
Model (2)
Model (3)
EI
EDL
EI
GIM
0.005 (3.29)
0.262 (3.62)
0.004 (3.07)
EDL
0.001 (3.04)
EPS
0.005 (2.72)
0.166 (1.91)
0.005 (2.60)
LEV
0.000 (0.92)
−0.011 (−4.87)
0.000 (1.16)
FLOW
−0.000 (−1.42)
−0.009 (−1.85)
−0.000 (−1.32)
CASH
0.000 (1.40)
0.002 (0.86)
0.000 (1.36)
OPP
0.002 (1.94)
−0.066 (−1.94)
0.002 (2.02)
SIZE
−0.001 (−0.72)
0.020 (0.47)
−0.001 (−0.75)
BALANCE
−0.000 (−0.92)
0.002 (2.51)
−0.000 (−1.06)
COST
0.000 (2.29)
0.035 (3.99)
0.000 (2.08)
YEAR
Control
Control
Control
Constant
0.015 (0.95)
1.732 (1.87)
0.013 (0.83)
N
2,544
2,544
2,544
R2
0.031
0.377
0.034
Adj_R2
0.0243
0.373
0.0271
F
3.782
110.3
4.202
F ( value)
0.0000
0.0000
0.0000
Notes. ,, and represent the significance level of 1%, 5%, and 10%, respectively; t value is in parentheses, and results are subject to standard error handling.
