Table 6 Regression results
Model | Unstandardized Coefficient B | Drisc/Kraay Standard errors | P – value | Decision |
|---|---|---|---|---|
Panel (A): The impact of ROA on CRD | Â | Â | Â | Â |
(constant) | 3.756 | 0.658 | 0.000 | Â |
Climate risk disclosure | 3.203 | 1.198 | 0.011 | Significant |
Firm Size | 0.086 | 0.092 | 0.358 | Insignificant |
Tobin’s Q | 3.254 | 1.002 | 0.003 | Significant |
Panel (B): The impact of FR on CRD | Â | Â | Â | Â |
(constant) | 3.489 | 0.458 | 0.000 | Â |
Climate Risk Disclosure | 1.671 | 1.968 | 0.042 | Significant |
Firm size | 0.072 | 0.077 | 0.360 | Insignificant |
Tobin’s Q | 2.138 | 1.127 | 0.066 | Significant |
Panel (C): The impact of RM on CRD | Â | Â | Â | Â |
(constant) | 3.158 | 0.758 | 0.000 | Â |
Climate risk disclosure | 0.838 | 0.576 | 0.015 | Significant |
Firm size | 0.031 | 0.026 | 0.245 | Insignificant |
Tobin’s Q | 0.044 | 0.205 | 0.831 | Insignificant |