write for master thesis: write interpretation for this and answer Emissions and environmental actions significantly influence PD2023, with potential differential effects based on the company’s environmental responsibility.: Model Model 3. EMISIONES 1 Model 3. EMISIONES 2 Model 3. EMISIONES 3 Model 3. EMISIONES 4 Model 3. EMISIONES 5 Model 3. EMISIONES 6 Model 3. EMISIONES 7 Model 3. EMISIONES 8 Model 3. EMISIONES 9 Model 3. EMISIONES 10 Model 3. EMISIONES 11 Model 3. EMISIONES 12
intercept 0.1372033*** 0.1351360*** 0.1395774*** 0.1375316*** 0.1425669*** 0.1407266*** 0.1438981*** 0.1464936*** 0.1434529*** 0.1453627*** 0.1547703*** 0.1562412***
PD2022 0.5144815*** 0.5145766*** 0.5144936*** 0.5146283*** 0.5140971*** 0.5142724*** 0.5139911*** 0.5139113*** 0.5141750*** 0.5139472*** 0.5139057*** 0.5138230***
size_2023 -0.0046400** -0.0046385** -0.0046373** -0.0046439** -0.0046418** -0.0046447** -0.0046298** -0.0046112** -0.0046343** -0.0046095** -0.0046224** -0.0046123**
BTM_2023 0.0045000*** 0.0044990*** 0.0045055*** 0.0045078*** 0.0045084*** 0.0045046*** 0.0045081*** 0.0045102*** 0.0045077*** 0.0045089*** 0.0045101*** 0.0045107***
LV_2023 0.1391847*** 0.1392490*** 0.1391730*** 0.1392403*** 0.1393932*** 0.1393148*** 0.1393128*** 0.1393065*** 0.1393113*** 0.1393550*** 0.1392808*** 0.1392627***
ROA_2023 -0.0849573*** -0.0847985*** -0.0848090*** -0.0847044*** -0.0847894*** -0.0848365*** -0.0849214*** -0.0849771*** -0.0848591*** -0.0849443*** -0.0849663*** -0.0851190***
LOW_30 -0.0012380***
MEDIUM_30 -0.0012233***
MEDIUMHIGH_30 -0.0012798***
HIGH_30 -0.0012347***
LOW_40 -0.0012920***
MEDIUM_40 -0.0012506***
MEDIUMHIGH_40 -0.0012700***
HIGH_40 -0.0012883***
LOW_50 -0.0012895***
MEDIUM_50 -0.0012781***
MEDIUMHIGH_50 -0.0013689***
HIGH_50 -0.0013544***
LN_EMISIONES_2022 -0.0017027 -0.0016810 -0.0016630 -0.0016587 -0.0016613 -0.0016580 -0.0016741 -0.0016448 -0.0016645 -0.0016567 -0.0016440 -0.0016349
R-squared 0.4129 0.413 0.4131 0.4131 0.4132 0.413 0.4129 0.413 0.4131 0.413 0.4131 0.413


 

Model Model 4. EMISIONES 1 Model 4. EMISIONES 2 Model 4. EMISIONES 3 Model 4. EMISIONES 4 Model 4. EMISIONES 5 Model 4. EMISIONES 6 Model 4. EMISIONES 7 Model 4. EMISIONES 8 Model 4. EMISIONES 9 Model 4. EMISIONES 10 Model 4. EMISIONES 11 Model 4. EMISIONES 12
intercept
PD2022 0.4968205*** 0.4968329*** 0.4967552*** 0.4968376*** 0.4967294*** 0.4967973*** 0.4967999*** 0.4968055*** 0.4967372*** 0.4968158*** 0.4968822*** 0.49697231***
size_2023 0.0011401 0.0012372 0.0012512 0.0011852 0.0011473 0.0011092 0.0009869 0.0009765 0.0011198 0.0009504 0.0008230 0.00068561
BTM_2023 -0.0006102 -0.0006071 -0.0006068 -0.0006066 -0.0006114 -0.0006120 -0.0006168 -0.0006174 -0.0006131 -0.0006181 -0.0006220 -0.00062495
LV_2023 0.1982232*** 0.1984612*** 0.1984853*** 0.1983364*** 0.1982436*** 0.1981224*** 0.1978182*** 0.1977608*** 0.1981543*** 0.1977221*** 0.1974126*** 0.19707316***
ROA_2023 -0.1705435*** -0.1701236*** -0.1702031*** -0.1703078*** -0.1705158*** -0.1705844*** -0.1710610*** -0.1711579*** -0.1706126*** -0.1712265*** -0.1716460*** -0.17209274***
LOW_30 -0.0002377
MEDIUM_30 -0.0002756
MEDIUMHIGH_30 -0.0002718
HIGH_30 -0.0026845*
LOW_40 -0.0002293
MEDIUM_40 -0.0002169
MEDIUMHIGH_40 -0.0001725
HIGH_40 -0.0001646
LOW_50 -0.0002169
MEDIUM_50 -0.0001584
MEDIUMHIGH_50 -0.0001142
HIGH_50 -0.00007406
LN_EMISIONES_2022 -0.0026960* -0.0026810* -0.0026849* -0.0002506 -0.0026977* -0.0026970* -0.0027104* -0.0027095* -0.0027017* -0.0027117* -0.0027248* -0.00273084*
R-squared 0.4457 0.4458 0.4458 0.4457 0.4457 0.4457 0.4456 0.4456 0.4457 0.4456 0.4456 0.4456

Model Model 3. EMISSIONSREL 1 Model 3. EMISSIONSREL 2 Model 3. EMISSIONSREL 3 Model 3. EMISSIONSREL 4 Model 3. EMISSIONSREL 5 Model 3. EMISSIONSREL 6 Model 3. EMISSIONSREL 7 Model 3. EMISSIONSREL 8 Model 3. EMISSIONSREL 9 Model 3. EMISSIONSREL 10 Model 3. EMISSIONSREL 11 Model 3. EMISSIONSREL 12
intercept 0.1269910*** 0.1247362*** 0.1297759*** 0.1262328*** 0.1303181*** 0.1283068*** 0.1316277*** 0.1337368*** 0.1315412*** 0.1321394*** 0.1404204*** 0.1413043***
PD2022 0.5050857*** 0.5052116*** 0.5051322*** 0.5052150*** 0.5047766*** 0.5049183*** 0.5046450*** 0.5046948*** 0.5047595*** 0.5045969*** 0.5046710*** 0.5046256***
size_2023 -0.0054980** -0.0054822** -0.0054595** -0.0054793** -0.0054586** -0.0054596** -0.0054664** -0.0054360** -0.0054476** -0.0054390** -0.0054440** -0.0054351**
BTM_2023 -0.0005158 -0.0005175 -0.0005108 -0.0005081 -0.0005177 -0.0005185 -0.0005237 -0.0005244 -0.0005205 -0.0005263 -0.0005288 -0.0005320
LV_2023 0.1870193*** 0.1870104*** 0.1869547*** 0.1869940*** 0.1870622*** 0.1869567*** 0.1868944*** 0.1866786*** 0.1869872*** 0.1868847*** 0.1867495*** 0.1865755***
ROA_2023 -0.1861718*** -0.1858455*** -0.1860314*** -0.1857991*** -0.1858847*** -0.1857293*** -0.1860043*** -0.1862306*** -0.1858442*** -0.1862215*** -0.1861325*** -0.1864395***
LOW_30 -0.0010646*
MEDIUM_30 -0.0010444*
MEDIUMHIGH_30 -0.0011217**
HIGH_30 -0.0010431*
LOW_40 -0.0010937**
MEDIUM_40 -0.0010496*
MEDIUMHIGH_40 -0.0010738*
HIGH_40 -0.0010882*
LOW_50 -0.0011020**
MEDIUM_50 -0.0010685*
MEDIUMHIGH_50 -0.0011522**
HIGH_50 -0.0011323*
LN_EMISSIONSREL_2022 -0.0023691 -0.0023513 -0.0023066 -0.0023305 -0.0023325 -0.0023475 -0.0023498 -0.0023128 -0.0023318 -0.0023374 -0.0023063 -0.0023053
R-squared 0.3885 0.3886 0.3888 0.3886 0.3887 0.3885 0.3885 0.3886 0.3887 0.3885 0.3886 0.3885

 
Model Model 4. EMISSIONSREL 1 Model 4. EMISSIONSREL 2 Model 4. EMISSIONSREL 3 Model 4. EMISSIONSREL 4 Model 4. EMISSIONSREL 5 Model 4. EMISSIONSREL 6 Model 4. EMISSIONSREL 7 Model 4. EMISSIONSREL 8 Model 4. EMISSIONSREL 9 Model 4. EMISSIONSREL 10 Model 4. EMISSIONSREL 11 Model 4. EMISSIONSREL 12
intercept
PD2022 0.4982708*** 0.4982774*** 0.4982263*** 0.4982801*** 0.4982179*** 0.4982571*** 0.49828289*** 0.4982899*** 0.4982270*** 0.49829957*** 0.49838208*** 0.49846427***
size_2023 -0.0004997 -0.0003760 -0.0003800 -0.0004377 -0.0005123 -0.0005437 -0.00070258 -0.0007183 -0.0005497 -0.00074557 -0.00092354 -0.00107871
BTM_2023 -0.0005483 -0.0005456 -0.0005456 -0.0005457 -0.0005494 -0.0005498 -0.00055360 -0.0005541 -0.0005506 -0.00055456 -0.00055759 -0.00055971
LV_2023 0.1985856*** 0.1987812*** 0.1987800*** 0.1986798*** 0.1985708*** 0.1984980*** 0.19823225*** 0.1981912*** 0.1984984*** 0.19815664*** 0.19785772*** 0.19759744***
ROA_2023 -0.1766911*** -0.1762419*** -0.1763428*** -0.1764446*** -0.1767279*** -0.1767927*** -0.17732197*** -0.1773967*** -0.1768481*** -0.17747140*** -0.17799542*** -0.17843322***
LOW_30 -0.0001515
MEDIUM_30 -0.0001949
MEDIUMHIGH_30 -0.0001882
HIGH_30 -0.0001694
LOW_40 -0.0001410
MEDIUM_40 -0.0001306
MEDIUMHIGH_40 -0.00007926
HIGH_40 -0.0000724
LOW_50 -0.0001274
MEDIUM_50 -0.00006514
MEDIUMHIGH_50 -0.00001281
HIGH_50 0.00002892
LN_EMISSIONSREL_2022 -0.0026240. -0.0025818. -0.0025882. -0.0025998. -0.0026297. -0.0026369. -0.00268372. -0.0026876. -0.0026419. -0.00269508. -0.00274259. -0.00278059.
R-squared 0.4455 0.4456 0.4456 0.4456 0.4455 0.4455 0.4455 0.4455 0.4455 0.4455 0.4455 0.4455
 
Model Model 3. ENV_INV_INI 1 Model 3. ENV_INV_INI 2 Model 3. ENV_INV_INI 3 Model 3. ENV_INV_INI 4 Model 3. ENV_INV_INI 5 Model 3. ENV_INV_INI 6 Model 3. ENV_INV_INI 7 Model 3. ENV_INV_INI 8 Model 3. ENV_INV_INI 9 Model 3. ENV_INV_INI 10 Model 3. ENV_INV_INI 11 Model 3. ENV_INV_INI 12
intercept 0.09181814** 0.08955373** 0.09427877** 0.09187821** 0.09580378** 0.09398086** 0.09765361** 0.09934115** 0.09688006** 0.09834841** 0.10747123** 0.1083332**
PD2022 0.52620556*** 0.52624538*** 0.52616975*** 0.52626514*** 0.52576702*** 0.52594113*** 0.52566443*** 0.52566269*** 0.52578115*** 0.52560058*** 0.52559636*** 0.5255627***
size_2023 -0.00321405* -0.00320779* -0.00318586. -0.00320487. -0.00317520. -0.00317908. -0.00316930. -0.00313889. -0.00316592. -0.00313878. -0.00313815. -0.0031261.
BTM_2023 -0.00004537 -0.00004609 -0.00003865 -0.00003416 -0.00004748 -0.00004763 -0.00005396 -0.00005278 -0.00005062 -0.00005494 -0.00005784 -0.0000606
LV_2023 0.17271723*** 0.17280254*** 0.17279489*** 0.17284058*** 0.17286369*** 0.17278426*** 0.17276424*** 0.17266728*** 0.17276698*** 0.17277580*** 0.17268178*** 0.1725444***
ROA_2023 -0.09077967*** -0.09062646*** -0.09064974*** -0.09052490*** -0.09069279*** -0.09067223*** -0.09071497*** -0.09079697*** -0.09067613*** -0.09084464*** -0.09082943*** -0.0908865***
LOW_30 -0.00118256**
MEDIUM_30 -0.00116086**
MEDIUMHIGH_30 -0.00122735**
HIGH_30 -0.00117155**
LOW_40 -0.00121719**
MEDIUM_40 -0.00117556**
MEDIUMHIGH_40 -0.00120688**
HIGH_40 -0.00120919**
LOW_50 -0.00122014**
MEDIUM_50 -0.00120218**
MEDIUMHIGH_50 -0.00129351**
HIGH_50 -0.0012697**
ENV_INV_INI_2022Y -0.01079555 -0.01073313 -0.01068283 -0.01063678 -0.01076058 -0.01080412 -0.01089093 -0.01086163 -0.01080057 -0.01090849 -0.01085645 -0.0109473
R-squared 0.3839 0.3839 0.3841 0.384 0.3841 0.3839 0.3839 0.3839 0.384 0.3839 0.3841 0.3839

 
Model Model 4. ENV_INV_INI 1 Model 4. ENV_INV_INI 2 Model 4. ENV_INV_INI 3 Model 4. ENV_INV_INI 4 Model 4. ENV_INV_INI 5 Model 4. ENV_INV_INI 6 Model 4. ENV_INV_INI 7 Model 4. ENV_INV_INI 8 Model 4. ENV_INV_INI 9 Model 4. ENV_INV_INI 10 Model 4. ENV_INV_INI 11 Model 4. ENV_INV_INI 12
intercept
PD2022 0.52620556*** 0.52624538*** 0.52616975*** 0.52626514*** 0.52576702*** 0.52594113*** 0.52566443*** 0.52566269*** 0.52578115*** 0.52560058*** 0.52559636*** 0.5255627***
size_2023 -0.00321405* -0.00320779* -0.00318586. -0.00320487. -0.00317520. -0.00317908. -0.00316930. -0.00313889. -0.00316592. -0.00313878. -0.00313815. -0.0031261.
BTM_2023 -0.00004537 -0.00004609 -0.00003865 -0.00003416 -0.00004748 -0.00004763 -0.00005396 -0.00005278 -0.00005062 -0.00005494 -0.00005784 -0.0000606
LV_2023 0.17271723*** 0.17280254*** 0.17279489*** 0.17284058*** 0.17286369*** 0.17278426*** 0.17276424*** 0.17266728*** 0.17276698*** 0.17277580*** 0.17268178*** 0.1725444***
ROA_2023 -0.09077967*** -0.09062646*** -0.09064974*** -0.09052490*** -0.09069279*** -0.09067223*** -0.09071497*** -0.09079697*** -0.09067613*** -0.09084464*** -0.09082943*** -0.0908865***
LOW_30 -0.00118256**
MEDIUM_30 -0.00116086**
MEDIUMHIGH_30 -0.00122735**
HIGH_30 -0.00117155**
LOW_40 -0.00121719**
MEDIUM_40 -0.00117556**
MEDIUMHIGH_40 -0.00120688**
HIGH_40 -0.00120919**
LOW_50 -0.00122014**
MEDIUM_50 -0.00120218**
MEDIUMHIGH_50 -0.00129351**
HIGH_50 -0.0012697**
ENV_INV_INI_2022N 0.09181814** 0.08955373** 0.09427877** 0.09187821** 0.09580378** 0.09398086** 0.09765361** 0.09934115** 0.09688006** 0.09834841** 0.10747123** 0.1083332**
ENV_INV_INI_2022Y 0.08102260* 0.07882060* 0.08359594* 0.08124143* 0.08504320* 0.08317673* 0.08676268* 0.08847952** 0.08607949* 0.08743992* 0.09661479** 0.0973859**
R-squared 0.4465 0.4466 0.4467 0.4466 0.4467 0.4466 0.4465 0.4466 0.4467 0.4465 0.4467 0.4466

Model Model 3. COMP_SUST 1 Model 3. COMP_SUST 2 Model 3. COMP_SUST 3 Model 3. COMP_SUST 4 Model 3. COMP_SUST 5 Model 3. COMP_SUST 6 Model 3. COMP_SUST 7 Model 3. COMP_SUST 8 Model 3. COMP_SUST 9 Model 3. COMP_SUST 10 Model 3. COMP_SUST 11 Model 3. COMP_SUST 12
intercept 0.1007621*** 0.09835028*** 0.10313436*** 0.10069735*** 0.10480646*** 0.1029617*** 0.10683185*** 0.10853926*** 0.10594653*** 0.10756161*** 0.11681148*** 0.1178206***
PD2022 0.5278887*** 0.52791760*** 0.52783041*** 0.52792332*** 0.52742695*** 0.5276140*** 0.52734313*** 0.52733384*** 0.52745122*** 0.52727732*** 0.52726256*** 0.5272406***
size_2023 -0.0040762* -0.00406212* -0.00403602* -0.00405027* -0.00403326* -0.0040398* -0.00404029* -0.00400345* -0.00403036* -0.00400810* -0.00400169* -0.0039957*
BTM_2023 0.0000838 0.00008199 0.00008903 0.00009323 0.00008093 0.0000813 0.00007604 0.00007652 0.00007862 0.00007489 0.00007097 0.0000690
LV_2023 0.1723753*** 0.17246645*** 0.17246024*** 0.17251504*** 0.17251936*** 0.1724407*** 0.17240873*** 0.17230889*** 0.17242089*** 0.17241537*** 0.17232514*** 0.1721716***
ROA_2023 -0.0912498*** -0.09108856*** -0.09111133*** -0.09097113*** -0.09117036*** -0.0911450*** -0.09120279*** -0.09128829*** -0.09115008*** -0.09134472*** -0.09132262*** -0.0913965***
LOW_30 -0.0012247**
MEDIUM_30 -0.00120191**
MEDIUMHIGH_30 -0.00126914**
HIGH_30 -0.00121329**
LOW_40 -0.00125914**
MEDIUM_40 -0.0012165**
MEDIUMHIGH_40 -0.00124870**
HIGH_40 -0.00125093**
LOW_50 -0.00126199**
MEDIUM_50 -0.00124386**
MEDIUMHIGH_50 -0.00133580**
HIGH_50 -0.0013121**
COMP_SUST_2022Y 0.0050404 0.00496997 0.00494940 0.00492037 0.00500833 0.0050187 0.00510544 0.00504067 0.00508592 0.00507363 0.00501398 0.0050355
R-squared 0.3833 0.3834 0.3836 0.3835 0.3835 0.3834 0.3834 0.3834 0.3835 0.3833 0.3835 0.3834
 
Model Model 4. COMP_SUST 1 Model 4. COMP_SUST 2 Model 4. COMP_SUST 3 Model 4. COMP_SUST 4 Model 4. COMP_SUST 5 Model 4. COMP_SUST 6 Model 4. COMP_SUST 7 Model 4. COMP_SUST 8 Model 4. COMP_SUST 9 Model 4. COMP_SUST 10 Model 4. COMP_SUST 11 Model 4. COMP_SUST 12
intercept
PD2022 0.5278887*** 0.52791760*** 0.52783041*** 0.52792332*** 0.52742695*** 0.5276140*** 0.52734313*** 0.52733384*** 0.52745122*** 0.52727732*** 0.52726256*** 0.5272406***
size_2023 -0.0040762* -0.00406212* -0.00403602* -0.00405027* -0.00403326* -0.0040398* -0.00404029* -0.00400345* -0.00403036* -0.00400810* -0.00400169* -0.0039957*
BTM_2023 0.0000838 0.00008199 0.00008903 0.00009323 0.00008093 0.0000813 0.00007604 0.00007652 0.00007862 0.00007489 0.00007097 0.0000690
LV_2023 0.1723753*** 0.17246645*** 0.17246024*** 0.17251504*** 0.17251936*** 0.1724407*** 0.17240873*** 0.17230889*** 0.17242089*** 0.17241537*** 0.17232514*** 0.1721716***
ROA_2023 -0.0912498*** -0.09108856*** -0.09111133*** -0.09097113*** -0.09117036*** -0.0911450*** -0.09120279*** -0.09128829*** -0.09115008*** -0.09134472*** -0.09132262*** -0.0913965***
LOW_30 -0.0012247**
MEDIUM_30 -0.00120191**
MEDIUMHIGH_30 -0.00126914**
HIGH_30 -0.00121329**
LOW_40 -0.00125914**
MEDIUM_40 -0.0012165**
MEDIUMHIGH_40 -0.00124870**
HIGH_40 -0.00125093**
LOW_50 -0.00126199**
MEDIUM_50 -0.00124386**
MEDIUMHIGH_50 -0.00133580**
HIGH_50 -0.0013121**
COMP_SUST_2022N 0.1007621*** 0.09835028*** 0.10313436*** 0.10069735*** 0.10480646*** 0.1029617*** 0.10683185*** 0.10853926*** 0.10594653*** 0.10756161*** 0.11681148*** 0.1178206***
COMP_SUST_2022Y 0.1058025*** 0.10332025*** 0.10808377*** 0.10561772*** 0.10981479*** 0.1079804*** 0.11193729*** 0.11357994*** 0.11103245*** 0.11263524*** 0.12182546*** 0.1228561***
R-squared 0.446 0.446 0.4462 0.4461 0.4461 0.446 0.446 0.446 0.4461 0.446 0.4462 0.446