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Table 6 Pooled results for manufacturing industry

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

Variables

Model 1

Model 2

EC

RD

GR

− 1.989e+06

− 101,957

 

(3.461e+06)

(725,906)

NP

− 0.00177

0.00256

 

(0.00519)

(0.00368)

BTMR

5.687e+07

4.776e+07**

 

(3.459e+07)

(2.346e+07)

CEDR

87,485

− 499,169

 

(967,793)

(864,816)

MA

4.476e+07**

5.752e+07***

 

(1.764e+07)

(1.232e+07)

Constant

1.029e+08***

8.318e+07***

 

(2.576e+07)

(1.780e+07)

Observations

4676

11,004

R-squared

0.002

0.002

  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 = \({10}^{3}\)