(1)

(2)

(3)

VARIABLES

ROE

SA

ROE

Green*After

0.0301*** (2.6353)

0.9006*** (5.8200)

0.0321** (2.4725)

SA

−0.0031 (−0.8122)

EPS

0.1929*** (5.3202)

−1.0377*** (−3.6790)

0.1886*** (5.3806)

MBPM

0.0938* (1.6545)

0.8817*** (2.7043)

0.0976* (1.6684)

CR

0.0259** (2.0405)

0.0556 (0.2677)

0.0270** (2.0539)

LEV

−0.1108* (-1.8728)

2.4220*** (3.3494)

−0.1018* (−1.8879)

ITR

−0.0002 (−0.4696)

−0.0066 (−0.7679)

−0.0002 (−0.4826)

RTR

0.0001 (0.6239)

−0.0024*** (−3.2037)

0.0001 (0.5862)

TAT

0.0764*** (2.9103)

2.8783*** (6.1158)

0.0852*** (2.6201)

BPS

−0.0140*** (−4.0339)

0.2721*** (3.7931)

−0.0129*** (−3.9810)

NPGR

0.0000 (0.0015)

0.0104 (0.3740)

0.0001 (0.0180)

IMBR

0.0304 (1.6372)

−0.2492 (−1.3493)

0.0300 (1.6316)

Constant

0.0166 (0.9173)

0.8606** (2.2532)

0.0169 (0.9261)