(1)

ROE

CSR

0.0025*** (5.64)

LEV

−0.4049** (−2.23)

GROWTH

−0.0002 (−0.22)

SIZE

0.0272 (1.24)

STAKE

−0.0002 (−0.26)

Cons

−0.3792 (−0.81)

Year FE

YES

Company FE

YES

N

819

F

4.748

R²

0.1485

$R_a^2$

0.1401