Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective

Table 10 White test result for both manufacturing and mining industries

Model	White’s Test for Manufacturing	White’s Test for Mining
EP	5.43	6.56
	(0.99)	(0.99)
CSR	14.49	13.28
	(0.69)	(0.58)
EC	9.59	61.97***
	(0.96)	(0.01)
RD	19.29	6.33
	(0.43)	(0.99)
GF	NA	7.58
		(0.99)

This table reports the White test result for both manufacturing and mining industries of each model regarding Hypotheses 1–4 to check heteroskedasticity effect. P values are in parentheses

ISSN: 2192-0567