Table 6 Estimation results for baseline models.
Variable | Corporate Reputation | Corporate Financial Performance | Corporate Sustainable Growth |
|---|---|---|---|
| Â | Model (1) | Model (2) | Model (3) |
Constant | \({-1.877}^{*}\) (0.068) | \({0.183}^{**}\) (0.080) | \({0.414}^{*}\) (0.128) |
CGEN | − 0.202 (0.546) | \({0.042}^{**}\) (0.022) | \(-0.054\) (0.115) |
CAGE | − 0.311 (0.191) | − 0.000 (0.003) | \({-0.006}^{*}\) (0.002) |
CEDU | -0.187 (0.468) | 0.033 (0.019) | \(0.028\) (0.034) |
CDUA | \({-0.506}^{**}\) (0.092) | 0.006 (0.010) | 0.018 (0.061) |
CREM | \({0.370}^{*}\) (0.059) | \({0.007}^{*}\) (0.002) | 0.012 (0.003) |
CTEN | \({0.037}^{*}\) (0.014) | 0.008 (0.007) | \({0.052}^{**}\) (0.026) |
CNAT | -0.669 (0.789) | \(-0.013\) (0.032) | − 0.025 (0.084) |
CBUS | \({-0.600}^{*}\) (0.029) | \({-0.019}^{*}\) (0.009) | \(-0.013\) (0.026) |
LEV | 0.018 (0.012) | \({-0.001}^{**}\) (0.004) | \({-0.006}^{*}\) (0.003) |
FS | \({4.220}^{*}\) (0.057) | \({0.013}^{*}\) (0.006) | \({0.082}^{*}\) (0.032) |
TAN | \({3.110}^{*}\) (0.087) | \({-0.122}^{*}\) (0.029) | \({-0.383}^{*}\) (0.046) |
PROD | \({3.211}^{*}\) (0.099) | \({0.046}^{*}\) (0.012) | 0.021 (0.063) |
\({R}^{2} (\mathrm{within})\) | 0.512 | 0.111 | 0.086 |
\({R}^{2}\)(between) | 0.103 | 0.241 | 0.063 |
\({R}^{2}\)(overall) | 0.106 | 0.199 | 0.058 |
F-Statistic | \({86.020}^{*}\) | \({99.890}^{*}\) | \({77.460}^{*}\) |
N | 1104 | 1104 | 1104 |