Table 5.
Results of model 1: Economic sustainability performance.
| Variable | Exp. Sign | Coefficient | P>|t| |
|---|---|---|---|
| President of BoC's education | + | -0.03974 | 0.042∗∗ |
| Board of Commissioners size | + | 0.05316 | 0.056∗ |
| CEO's Education | + | -0.05128 | 0.021∗∗ |
| TMT size | - | -0.06470 | 0.001∗∗∗ |
| Sales Growth | 0.45550 | 0.002∗∗∗ | |
| Leverage | 0.34945 | 0.015∗∗ | |
| Firm age | 0.00069 | 0.367 | |
| Firm Size | -0.42187 | 0.001∗∗∗ | |
| Profitability(ROA) | -0.00075 | 0.996 | |
| Year | |||
| 2014 | -0.01292 | 0.752 | |
| 2015 | 0.03077 | 0.554 | |
| 2016 | 0.03843 | 0.414 | |
| 2017 | -0.05111 | 0.564 | |
| Cons |
10.60383 |
0.001∗∗∗ |
|
| R Square | 0.4058 | ||
Note:∗ p-value<0.1, ∗∗ p-value<0.05, ∗∗∗ p-value<0.01.