环境战略对环境绩效和经济绩效的影响——基于企业成长性和市场竞争性的调节效应
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王丽萍, 姚子婷, 李创
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Effect of environmental strategy on environmental performance and economic performance: Based on the regulating effect of enterprise growth and market competition
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WANG Liping, YAO Ziting, LI Chuang
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表4 环境战略与经济绩效的检验结果
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Table 4 Test results of environmental strategy and economic performance
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| (1) | (2) | (3) | (4) | (5) | | ES | 1.719*** | 0.485 | 2.514*** | 2.310** | 2.036** | | (2.70) | (0.88) | (3.74) | (2.54) | (2.32) | | GRO | | 1.360*** | 5.549*** | | 4.756*** | | (5.54) | (6.13) | | (5.54) | | MC | | 4.325*** | | 6.718*** | 4.791*** | | (11.67) | | (6.85) | (4.79) | | ES×GRO | | | -11.534*** | | -10.747*** | | | (-4.22) | | (-4.15) | | ES×MC | | | | -6.101** | -1.468 | | | | (-2.21) | (-0.52) | | AGE | 0.029** | -0.008 | 0.021 | -0.010 | -0.011 | | (1.98) | (-0.60) | (1.54) | (-0.76) | (-0.90) | | R&D | 9.111*** | -11.448*** | 6.157* | -11.193*** | -11.630*** | | (2.65) | (-3.42) | (1.88) | (-3.27) | (-3.54) | | H5 | 2.188*** | 1.975*** | 2.128*** | 2.015*** | 2.001*** | | (4.70) | (4.94) | (4.84) | (4.93) | (5.09) | | OWN | -0.458*** | -0.041 | -0.346*** | -0.040 | -0.015 | | (-3.43) | (-0.35) | (-2.73) | (-0.33) | (-0.13) | | CONS | -2.182*** | -1.912*** | -2.423*** | -2.426*** | -2.325*** | | (-4.98) | (-5.08) | (-5.76) | (-5.50) | (-5.48) | | N | 550 | 550 | 550 | 550 | 550 | | r2_a | 0.082 | 0.325 | 0.182 | 0.293 | 0.348 |
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