. 2023 Oct 7;9(10):e20800. doi: 10.1016/j.heliyon.2023.e20800

Table 6.

Green innovation and goodwill mechanisms.

	Model 1	Model 2	Model 3	Model 4
	Green	ESG	Goodwill	ESG
DF	4.237* (1.751)	0.028*** (3.527)	0.345*** (2.798)	0.027*** (3.419)
Green		0.000*** (6.073)
Goodwill				0.005*** (7.040)
Controls	Yes	Yes	Yes	Yes
Constant	−22.912*** (−3.482)	0.170*** (7.925)	4.768*** (14.211)	0.139*** (6.382)
Firm FE	Yes	Yes	Yes	Yes
Year FE	Yes	Yes	Yes	Yes
N	7964	7964	7964	7964
R²	0.132	0.266	0.291	0.267

Note: t values in parentheses, *indicates p < 0.10, **indicates p < 0.05, ***indicates p < 0.01.