Green Credit, Financial Ecological Environment, and Investment Efficiency

Table 11

Robust test (2).

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	0.032	0.025	0.007	0.023	0.020	0.004	−0.003
SE			0.001			0.001	0.001
|t|			10.24			7.38	3.74
			≤0.001			≤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.