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Table 14 Regression results 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

0.058***

2.366***

0.002

0.014*

−0.006*

−0.014***

(0.019)

(0.665)

(0.002)

(0.007)

(0.003)

(0.003)

SIZE

−0.0120

−0.459

0.011***

0.012***

−0.002

−0.025***

(0.012)

(0.288)

(0.001)

(0.003)

(0.001)

(0.002)

ROA

−0.567***

14.217***

−0.000

−0.757***

0.139***

−0.023

(0.212)

(4.425)

(0.021)

(0.072)

(0.031)

(0.038)

DUAL

0.036

0.044

0.001

0.004

−0.002

0.002

(0.023)

(0.613)

(0.003)

(0.008)

(0.004)

(0.004)

GROW

−0.039**

−0.348

−0.006***

−0.013**

−0.005**

−0.015***

(0.016)

(0.413)

(0.001)

(0.005)

(0.002)

(0.002)

FIX

−0.560***

−6.131***

−0.033***

0.111***

−0.087***

−0.003

(0.071)

(2.062)

(0.009)

(0.024)

(0.013)

(0.014)

YEAR

Yes

Yes

Yes

Yes

Yes

Yes

IND

Yes

Yes

Yes

Yes

Yes

Yes

R2

17.85 %

7.29 %

25.97 %

27.36 %

24.57 %

26.43 %

Observation

2180

1790

2180

2180

2180

2180

  1. () Robust standard error
  2. ***P < 0.01
  3. **P < 0.05
  4. *P < 0.1