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Table 11 Newey–West robust regression result for EC model regarding mining industry

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

Variables

EC

NP

0.00311*

 

(0.00182)

GR

− 8,234,302***

 

(3,039,145)

BTMR

3.98E+08***

 

(6.31E+07)

CEDR

− 141,999.9***

 

(31,240.48)

MA

6.83E+07*

 

(3.87E+07)

Constant

5,701,648

 

(2.83E+07)

Observations

1246

  1. Robust standard errors are in parentheses, with ***, ** and * denoting significance at 1%, 5% and 10%, respectively. en = \({10}^{n}\), e.g., e-6=\({10}^{-6}\) and e + 3 = \({10}^{3}\)