The Influence of Academic Independent Directors and Confucianism on Carbon Information Disclosure: Evidence from China

Table 5

Regression results of Hypothesis 1.

Variables	The dependent variable: CID
	Coefficient	(t value)
ACARATIO	1.109	(2.86)
SIZE	0.713	(7.52)
LEV	1.447	(4.93)
ROE	1.043	(2.28)
AGE	−0.038	(−4.96)
BOARDSIZE	0.033	(1.59)
HIGH_CARBON	−0.326	(−2.70)
VERIFICATION	2.406	(10.16)
CONCENTRATION	0.005	(1.80)
Constant	−2.806	(−4.57)
Year	Yes
Industry	Yes
Observations	2,194
R-squared	0.190

Notes. t statistics in parentheses. , , .