Green Credit, Financial Ecological Environment, and Investment Efficiency

Table 10

Robust test (1).

Variable	Before the promulgation of the Guidelines			After the promulgation of the Guidelines			Difference-in-difference
	Experimental group	Control group	Difference	Experimental group	Control group	Difference
Absinvest	0.031	0.025	0.006	0.025	0.020	0.005	−0.001
SE			0.001			0.001	0.001
|t|			7.8			8.53	0.73
			≤0.001			≤0.001

Standard deviations are in parentheses; , , and indicate significant differences at p < 0.01, p < 0.05, and p < 0.001, respectively.