(1)

(2)

COD (Pollute = 1)

COD (Pollute = 0)

Score

0.00544

0.0112

(0.49)

(1.41)

TAT

0.0344

0.123^***

(0.64)

(3.09)

SIZE

−0.00394

−0.133^***

(−0.09)

(−5.02)

ROA

0.840^***

0.371^***

(4.29)

(3.15)

Tobinq

−0.0414^***

0.00341

(−3.50)

(0.60)

CR

−0.00156^**

−0.000000800

(−2.19)

(−0.02)

Growth

−0.0175

0.0381^*

(−0.36)

(1.80)

Year

Control

Control

_cons

0.317

3.313^***

(0.30)

(5.23)

N

789

1815