Test 12 Friday July 5 18:51:08 2024 Page 1

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Statistics/Data Analysis

User: Test 12
Project: Test 12

1 . cor
(obs=1,800)

IV1_EP IV2_SP IV3_GP IV4_ESGS IV5_ES~S IV6_EM~S DV1_Td DV2_Ltd DV3_IE

IV1_EP 1.0000
IV2_SP 0.7671 1.0000
IV3_GP 0.4040 0.4738 1.0000
IV4_ESGS 0.3265 0.4357 0.3590 1.0000
IV5_ESGCS -0.2614 -0.1585 -0.1406 0.7334 1.0000
IV6_EMISS 0.7495 0.6426 0.3956 0.3398 -0.1003 1.0000
DV1_Td 0.3585 0.2275 0.2628 -0.0038 -0.2659 0.1458 1.0000
DV2_Ltd 0.0560 -0.0424 0.0762 -0.0820 -0.1220 -0.0612 0.4659 1.0000
DV3_IE 0.0309 -0.0711 0.0345 -0.0875 -0.1116 -0.0594 0.3959 0.9438 1.0000

2 . summarize, detail

IV1_EP

Percentiles Smallest
1% 0 0
5% 50.29 0
10% 53.885 0 Obs 1,800
25% 68.1 0 Sum of Wgt. 1,800

50% 84.53 Mean 78.4426

Largest Std. Dev. 19.20243
75% 92.3 99.05
90% 95.69 99.05 Variance 368.7335
95% 96.36 99.05 Skewness -1.765295
99% 98.19 99.05 Kurtosis 7.014162

IV2_SP

Percentiles Smallest
1% 0 0
5% 50.49 0
10% 64.61 0 Obs 1,800
25% 77.29 0 Sum of Wgt. 1,800

50% 87.015 Mean 81.88313

Largest Std. Dev. 16.48224
75% 92.58 98.14
90% 95.59 98.14 Variance 271.6642
95% 96.37 98.14 Skewness -2.461004
99% 97.34 98.14 Kurtosis 10.84436

IV3_GP

Percentiles Smallest
1% 0 0
5% 39.57 0
10% 50.795 0 Obs 1,800
25% 62.68 0 Sum of Wgt. 1,800

50% 77.02 Mean 73.49153

Largest Std. Dev. 18.63099
75% 87.86 98.56
90% 93.84 98.56 Variance 347.1138
95% 95.09 98.56 Skewness -1.233655
99% 97.32 98.56 Kurtosis 5.081334
Test 12 Friday July 5 18:51:09 2024 Page 2

IV4_ESGS

Percentiles Smallest
1% 0 0
5% 42.17 0
10% 45.385 0 Obs 1,800
25% 51.94 0 Sum of Wgt. 1,800

50% 65.02 Mean 64.54067

Largest Std. Dev. 16.80072
75% 77.92 93.19
90% 85.235 93.19 Variance 282.2641
95% 86.86 93.19 Skewness -.7407961
99% 92.97 93.19 Kurtosis 4.216808

IV5_ESGCS

Percentiles Smallest
1% 0 0
5% 3.13 0
10% 6.67 0 Obs 1,800
25% 18.89 0 Sum of Wgt. 1,800

50% 74.57 Mean 60.487

Largest Std. Dev. 37.94096
75% 100 100
90% 100 100 Variance 1439.516
95% 100 100 Skewness -.3142782
99% 100 100 Kurtosis 1.419148

IV6_EMISS

Percentiles Smallest
1% 0 0
5% 55.87 0
10% 64.775 0 Obs 1,800
25% 80.17 0 Sum of Wgt. 1,800

50% 90.52 Mean 84.671

Largest Std. Dev. 17.57759
75% 96.21 99.87
90% 98.46 99.87 Variance 308.9716
95% 99.48 99.87 Skewness -2.553564
99% 99.74 99.87 Kurtosis 11.71085

DV1_Td

Percentiles Smallest
1% .12 0
5% 8.93 0
10% 14.865 0 Obs 1,800
25% 30.86 0 Sum of Wgt. 1,800

50% 43.795 Mean 44.9404

Largest Std. Dev. 21.69032
75% 58.74 88.64
90% 75.97 88.64 Variance 470.4702
95% 81.87 88.64 Skewness .0063444
99% 88.5 88.64 Kurtosis 2.317325
 Test 12 Friday July 5 18:51:09 2024 Page 3

DV2_Ltd

Percentiles Smallest
1% 4000 0
5% 925600 0
10% 1679207 0 Obs 1,800
25% 4641000 0 Sum of Wgt. 1,800

50% 1.48e+07 Mean 6.64e+07

Largest Std. Dev. 1.98e+08
75% 4.96e+07 1.45e+09
90% 1.18e+08 1.45e+09 Variance 3.92e+16
95% 1.46e+08 1.45e+09 Skewness 5.820873
99% 1.36e+09 1.45e+09 Kurtosis 38.01146

DV3_IE

Percentiles Smallest
1% 0 0
5% 10000 0
10% 41900 0 Obs 1,800
25% 141000 0 Sum of Wgt. 1,800

50% 427000 Mean 1381027

Largest Std. Dev. 4087567
75% 1118000 3.36e+07
90% 2450500 3.36e+07 Variance 1.67e+13
95% 3088000 3.36e+07 Skewness 6.5094
99% 2.98e+07 3.36e+07 Kurtosis 46.71926

3 . regress DV1_Td IV1_EP IV2_SP IV3_GP IV4_ESGS IV5_ESGCS IV6_EMISS

Source SS df MS Number of obs = 1,800

F(6, 1793) = 82.07
Model 182358.626 6 30393.1043 Prob > F = 0.0000
Residual 664017.24 1,793 370.338673 R-squared = 0.2155
Adj R-squared = 0.2128
Total 846375.866 1,799 470.470187 Root MSE = 19.244

DV1_Td Coef. Std. Err. t P>|t| [95% Conf. Interval]

IV1_EP .5978543 .0524806 11.39 0.000 .4949247 .700784

IV2_SP -.1953395 .0532823 -3.67 0.000 -.2998414 -.0908375
IV3_GP .2039708 .037431 5.45 0.000 .1305579 .2773837
IV4_ESGS .0763378 .1042705 0.73 0.464 -.1281666 .2808423
IV5_ESGCS -.112266 .0427173 -2.63 0.009 -.196047 -.0284849
IV6_EMISS -.3264917 .0408565 -7.99 0.000 -.4066231 -.2463603
_cons 28.55614 3.170069 9.01 0.000 22.33872 34.77356

4 . regress DV2_Ltd IV1_EP IV2_SP IV3_GP IV4_ESGS IV5_ESGCS IV6_EMISS

Source SS df MS Number of obs = 1,800

F(6, 1793) = 18.69
Model 4.1502e+18 6 6.9170e+17 Prob > F = 0.0000
Residual 6.6367e+19 1,793 3.7014e+16 R-squared = 0.0589
Adj R-squared = 0.0557
Total 7.0517e+19 1,799 3.9198e+16 Root MSE = 1.9e+08
 Test 12 Friday July 5 18:51:10 2024 Page 4

DV2_Ltd Coef. Std. Err. t P>|t| [95% Conf. Interval]

IV1_EP 3372108 524667.5 6.43 0.000 2343084 4401133

IV2_SP -2375753 532682.1 -4.46 0.000 -3420496 -1331010
IV3_GP 1521906 374210.7 4.07 0.000 787971.1 2255841
IV4_ESGS -753567.6 1042429 -0.72 0.470 -2798071 1290936
IV5_ESGCS -117751.3 427060.6 -0.28 0.783 -955340.1 719837.4
IV6_EMISS -2437286 408457 -5.97 0.000 -3238388 -1636184
_cons 1.47e+08 3.17e+07 4.63 0.000 8.45e+07 2.09e+08

5 . regress DV3_IE IV1_EP IV2_SP IV3_GP IV4_ESGS IV5_ESGCS IV6_EMISS

Source SS df MS Number of obs = 1,800

F(6, 1793) = 14.61
Model 1.4009e+15 6 2.3348e+14 Prob > F = 0.0000
Residual 2.8657e+16 1,793 1.5983e+13 R-squared = 0.0466
Adj R-squared = 0.0434
Total 3.0058e+16 1,799 1.6708e+13 Root MSE = 4.0e+06

DV3_IE Coef. Std. Err. t P>|t| [95% Conf. Interval]

IV1_EP 49771.4 10902.5 4.57 0.000 28388.46 71154.33

IV2_SP -64466.82 11069.04 -5.82 0.000 -86176.39 -42757.25
IV3_GP 12326.4 7776.03 1.59 0.113 -2924.635 27577.43
IV4_ESGS 26622.81 21661.48 1.23 0.219 -15861.6 69107.22
IV5_ESGCS -19242.95 8874.241 -2.17 0.030 -36647.89 -1838.007
IV6_EMISS -33692.2 8487.662 -3.97 0.000 -50338.95 -17045.45
_cons 4148134 658560.5 6.30 0.000 2856507 5439761

6 . save "C:\Users\munaw\OneDrive\Documents\Test 12.dta"

file C:\Users\munaw\OneDrive\Documents\Test 12.dta saved

7 .