Table 4 Baseline regressions.
From: The impact of industrial robot adoption on corporate green innovation in China
Variables | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
GISt+1 | GISt+1 | GISt+1 | GIZt+1 | GIZt+1 | GIZt+1 | |
ROBOT | 0.2299*** (14.3296) | 0.1654*** (11.3355) | 0.1713*** (10.4318) | 0.2175*** (14.7819) | 0.1515*** (11.0972) | 0.1743*** (11.6413) |
SIZE | Â | 0.2091*** (9.9814) | 0.1964*** (7.4878) | Â | 0.1639*** (8.8609) | 0.1567*** (6.6288) |
LEV | Â | 0.2198** (2.2851) | 0.1664* (1.7422) | Â | 0.2018** (2.3955) | 0.1682** (2.0056) |
GROW |  | 0.0067 (0.3278) | 0.0041 (0.1992) |  | − 0.0210 (− 1.1763) | − 0.0165 (− 0.9167) |
OCF |  | − 0.1141 (− 1.0170) | − 0.0672 (− 0.6028) |  | − 0.0632 (− 0.6657) | − 0.0315 (− 0.3324) |
AGE |  | 0.3796*** (5.5476) | − 0.2198 (− 1.3436) |  | 0.1679*** (2.7510) | − 0.2621* (− 1.7893) |
LOSS |  | − 0.0899*** (− 3.8236) | − 0.0892*** (− 3.7445) |  | − 0.0718*** (− 3.5987) | − 0.0719*** (− 3.6066) |
SHRCR | Â | 0.2189 (1.3094) | 0.1860 (1.1774) | Â | 0.2301 (1.5647) | 0.1751 (1.2266) |
OTHREC |  | − 0.0239 (− 0.0528) | 0.2820 (0.6291) |  | 0.1477 (0.3774) | 0.4247 (1.0888) |
STAFF | Â | 0.1178*** (4.9232) | 0.1182*** (4.9969) | Â | 0.0998*** (4.8763) | 0.0885*** (4.3084) |
Constant | 0.1017 (0.5720) | − 6.2033*** (− 13.1180) | − 4.8073*** (− 7.2438) | − 0.0342 (− 0.2243) | − 4.7470*** (− 11.4356) | − 3.7380*** (− 6.2889) |
Observations | 14,831 | 14,831 | 14,831 | 14,831 | 14,831 | 14,831 |
R-squared | 0.2218 | 0.2253 | 0.2381 | 0.1968 | 0.1962 | 0.2107 |
Industry FE | Yes | No | Yes | Yes | No | Yes |
Year FE | Yes | No | Yes | Yes | No | Yes |
