|
| (1) | (2) | (3) | (4) |
| VARIABLES | ROE | ROE | ROE | ROE |
| Green*After | 0.0481** (2.3172) | 0.0418** (2.3969) | 0.0431** (2.3597) | 0.0407** (2.2760) |
| EPS |
| 0.2980*** (2.8260) | 0.2772*** (3.0112) | 0.2815*** (3.0674) |
| MBPM |
| 0.1521*** (2.7133) | 0.1528*** (2.7613) | 0.1513*** (2.7414) |
| LEV |
| −0.4634*** (−2.9630) | −0.4576*** (−2.8443) | −0.4792*** (−2.9989) |
| BPS |
| −0.0210 (−1.2822) | −0.0195 (−1.3945) | −0.0212 (−1.5150) |
| CR |
|
| 0.0046 (0.4018) | 0.0020 (0.1627) |
| ITR |
|
| −0.0005* (−1.6984) | −0.0005 (−1.5519) |
| RTR |
|
| 0.0003 (1.5856) | 0.0003* (1.6666) |
| TAT |
|
| 0.0222 (0.3066) | −0.0000 (−0.0004) |
| NPGR |
|
| 0.0040 (0.4257) | 0.0038 (0.4077) |
| IMBR |
|
| 0.0200** (2.0963) | 0.0210** (2.1859) |
| Size |
|
|
| 0.0031** (2.0225) |
| Constant | 0.0610*** (4.0680) | 0.2730** (2.2457) | 0.2450 (1.6245) | 0.2132 (1.3696) |
| Observations | 1524 | 1524 | 1524 | 1524 |
| R-squared | 0.0116 | 0.2300 | 0.2335 | 0.2339 |
| Firm FE | Yes | Yes | Yes | Yes |
| Year FE | Yes | Yes | Yes | Yes |