Table 10.
Controlling the Effects of Prior Donations and Peer Pressure
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Don_Dum | Don_Dum | Don_Dum | Don_Amt | Don_Amt | Don_Amt | |
| Confirmed[−3,−1] | − 0.001* | − 0.001*** | − 0.001*** | − 0.005*** | − 0.004*** | − 0.005*** |
| (− 1.99) | (− 2.59) | (− 2.61) | (− 2.88) | (− 2.87) | (− 2.89) | |
| Prior_Don | − 0.011*** | − 0.012*** | − 0.077*** | − 0.078*** | ||
| (− 3.72) | (− 3.68) | (− 3.86) | (− 3.93) | |||
| Peer_Don | 0.008*** | 0.008*** | 0.055*** | 0.056*** | ||
| (5.92) | (5.98) | (6.17) | (6.23) | |||
| Constant | 0.007*** | − 0.001 | − 0.000 | 0.046*** | − 0.006 | − 0.005 |
| (8.38) | (− 0.41) | (− 0.35) | (10.99) | (− 0.66) | (− 0.60) | |
| Firm fixed effects | Yes | Yes | Yes | Yes | Yes | Yes |
| Date fixed effects | Yes | Yes | Yes | Yes | Yes | Yes |
| Obs | 176,645 | 176,645 | 176,645 | 176,645 | 176,645 | 176,645 |
| Adj. R2 | 0.011 | 0.011 | 0.011 | 0.011 | 0.011 | 0.012 |
The t-values (in parentheses) are based on heteroskedasticity-consistent standard errors clustered by firm
***, **, and * indicate significance at the 1%, 5%, and 10% levels, respectively (two-tailed)
Variables of interest are marked in bold