Table 7.
In-sample estimation outputs
| GB | RE | OVX | SOE | Green | ||
|---|---|---|---|---|---|---|
| GB |
0.000*** (2.415) |
0.000 (0.888) |
0.000*** (4.758) |
0.000*** (3.561) |
0.000*** (4.590) |
0.000** (3.622) |
| RE |
0.712*** (21.680) |
0.39*** (6.566) |
0.239*** (4.159) |
0.166*** (4.396) |
0.697*** (12.741) |
0.692*** (12.680) |
| OVX |
−0.181* (−1.870) |
−0.260*** (−4.144) |
−0.216*** (−4.148) |
−0.090 (−1.306) |
−0.177** (−3.038) |
−0.181* (−1.901) |
| SOE |
0.090 (0.761) |
0.080 (0.766) |
0.151* (1.841) |
0.05 (0.990) |
0.062 (0.471) |
0.080 (0.70) |
| Green | —— |
0.918*** (12.303) |
—— | —— | —— | —— |
| CVI | —— | —— | 0.051*** (17.931) | —— | —— | —— |
| R square | 0.388 | 0.571 | 0.717 | 0.702 | 0.377 | 0.366 |