Table 7.
Impact of historical CSR performance on the relation between CSR activities and stakeholder attention.
| Dependent variable= Cdindex |
||||
|---|---|---|---|---|
| Regression (1) |
Regression (2) |
|||
| Variable | Coefficient | t-value | Coefficient | t-value |
| Treat_CSR×CSR_perf | 12.124*** | 2.64 | 34.669*** | 7.31 |
| Post_CSR×CSR_perf | 68.764*** | 20.07 | 29.604*** | 5.25 |
| CSR_perf | −1.980 | −.34 | −1.930 | −.36 |
| Growth | 116.706*** | 8.74 | 116.915*** | 9.67 |
| Roa | 26.121 | 0.96 | 28.027 | 1.30 |
| Loss | 71.747*** | 8.11 | 107.516*** | 12.92 |
| Size | 17.767*** | 11.52 | 18.048*** | 13.89 |
| Lev | −88.668*** | −9.77 | −88.467*** | −12.26 |
| Stkhd | 8.497** | 2.52 | 8.265*** | 2.67 |
| Board | −14.457*** | −14.22 | −14.654*** | −16.39 |
| INTERCEPT | −140.224*** | −4.19 | −235.439*** | −7.19 |
| Date FE | NO | YES | ||
| Adjusted R2 | .146 | .353 | ||
| Observation | 6080 | 6080 | ||
Note: ***, ** and * represent the 1%, 5% and 10 % levels of significance, respectively.