企业社会责任、人力资本质量与中国资源型企业绩效
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郑明贵,陶思敏,彭群婷,刘丽珍
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Corporate Social Responsibility,Human Capital Quality and Performance of Chinese Resource-based Enterprises
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Minggui ZHENG,Simin TAO,Qunting PENG,Lizhen LIU
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表6 稳健性检验
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Table 6 Robustness test
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变量 | 净资产收益率(Roe) | 企业绩效(Roa)(GLS) | 企业绩效(Roa)(2SLS) |
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(1) | (2) | (3) | (4) | (5) | (6) |
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Csr | 1.248*** | 1.245*** | 0.469*** | 0.465*** | 0.531*** | 0.513*** | | (34.82) | (34.65) | (39.03) | (38.76) | (5.14) | (4.84) | Csr2 | -1.342*** | -1.340*** | -0.501*** | -0.498*** | -0.575*** | -0.552*** | | (-29.58) | (-29.48) | (-32.95) | (-32.78) | (-4.75) | (-4.45) | Mqf | | 0.010 | | 0.017** | | 0.024*** | | | (0.48) | | (2.45) | | (2.64) | Csr×Mqf | | -0.802*** | | -0.443*** | | -0.320*** | | | (-3.76) | | (-6.21) | | (-4.08) | Csr2×Mqf | | 1.017*** | | 0.526*** | | 0.444*** | | | (3.74) | | (5.79) | | (4.56) | 控制变量 | Yes | Yes | Yes | Yes | Yes | Yes | 固定效应 | Yes | Yes | Yes | Yes | Yes | Yes | Constant | -0.099 | -0.150 | -0.184** | -0.221*** | -0.166** | -0.214*** | | (-0.70) | (-1.05) | (-2.31) | (-2.78) | (-2.25) | (-2.79) | N | 4494 | 4493 | 4494 | 4493 | 3923 | 3922 | R2 | 0.401 | 0.404 | | | 0.736 | 0.739 |
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