International Journal of Corporate Social Responsibility

Table 16 Robust Regression Result of H1 and H2

From: The influence of political connection on corporate social responsibility——evidence from Listed private companies in China

	CSR	SOCO	INVO	CUSO	GOVO	EMPO
Hypotheses	H1	H2a	H2b	H2c	H2d	H2e
POLC	0.017^***	0.434^***	0.001	0.005^***	−0.002^**	−0.004^***
POLC	(0.004)	(0.158)	(0.001)	(0.001)	(0.000)	(0.000)
SIZE	−0.013	−0.467	0.011^**	0.011^***	−0.002	−0.025^***
SIZE	(0.011)	(0.291)	(0.001)	(0.003)	(0.001)	(0.002)
ROA	−0.570^***	14.295^***	−0.001	−0.757^***	0.139^***	−0.022
ROA	(0.212)	(4.418)	(0.021)	(0.072)	(0.031)	(0.038)
DUAL	0.036	0.021	0.000	0.004	−0.002	0.002
DUAL	(0.022)	(0.617)	(0.002)	(0.008)	(0.003)	(0.004)
GROW	−0.039^**	−0.339	−0.006^***	−0.013^**	−0.005^**	−0.015^***
GROW	(0.016)	(0.415)	(0.001)	(0.005)	(0.002)	(0.002)
FIX	−0.564^***	−6.326^***	−0.033^***	0.110^***	−0.087^***	−0.001
FIX	(0.070)	(2.069)	(0.009)	(0.024)	(0.013)	(0.014)
YEAR	Yes	Yes	Yes	Yes	Yes	Yes
IND	Yes	Yes	Yes	Yes	Yes	Yes
R²	17.94 %	6.86 %	26.00 %	27.44 %	24.67 %	26.44 %
Observation	2180	1790	2180	2180	2180	2180

() Robust standard error
***P < 0.01
**P < 0.05
*P < 0.1

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