Table 7.
Results of model 3: Social sustainability performance.
| Variable | Exp. Sign | Coefficient | P>|z| |
|---|---|---|---|
| President of BoC's education | + | 0.00083 | 0.950 |
| Board of Commissioners size | + | -0.03074 | 0.058∗ |
| CEO's Education | + | -0.01575 | 0.306 |
| TMT size | - | -0.01732 | 0.216 |
| Sales Growth | -0.07746 | 0.524 | |
| Leverage | -0.06105 | 0.674 | |
| Firm age | 0.00036 | 0.667 | |
| Firm Size | 0.06395 | 0.036∗∗ | |
| Profitability(ROA) | 0.42623 | 0.138 | |
| Year | |||
| 2014 | -0.02927 | 0.385 | |
| 2015 | -0.03940 | 0.493 | |
| 2016 | -0.06603 | 0.137 | |
| 2017 | -0.06465 | 0.232 | |
| Constant |
-0.74438 |
0.252 |
|
| R Square | 0.1603 | ||
Note: ∗ p-value<0.1, ∗∗ p-value<0.05, ∗∗∗ p-value<0.01.