Skip to main content
Financial Innovation

Table 14 Economic consequence analysis: Tobin Q value, ROA and ROE

From: Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market

 

(52)

(53)

(54)

Tobin Q

ROA

ROE

Green × Time

0.0943

 − 0.0029

 − 0.0032

 

(0.0588)

(0.0024)

(0.0069)

Constant

10.3774***

0.1002

 − 0.5454***

 

(1.7134)

(0.0308)

(0.1634)

Control variables

YES

YES

YES

Firm fixed effects

YES

YES

YES

Year fixed effects

YES

YES

YES

R-squared

0.1517

0.5935

0.5227

Observations

8353

8353

8353

  1. This table reports the economic consequence analysis. We use the data after matching the original sample with the Tobin Q value as a sample. This sample includes firm-year observations during 2011 to 2020. All of the variables are as defined in the Table 1. The robust standard error is shown in parentheses
  2. ***Denotes 1% significance level
Back to article page