Research Article
Impact of Low-Carbon City Policy on Enterprise Investment Efficiency: Based on the Heterogeneity of Chinese Urban Culture
Table 2
Influence of LCCP on excessive and insufficient EIEs.
| | Variables | (1) | (2) | | Excessive investment | Insufficient investment |
| | LCC | -0.006 | -0.005 | | (-0.88) | (-3.30) |
| | Constant | 0.154 | -0.005 | | (1.85) | (-0.22) |
| | Observations | 3,900 | 7,051 |
| | -squared | 0.054 | 0.036 |
| | Control variables | Yes | Yes |
| | Time fixed effects | Yes | Yes |
| | Enterprise fixed effects | Yes | Yes |
| | Province fixed effects | Yes | Yes |
| | Industry fixed effects | Yes | Yes |
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Note: robust -statistics are in parentheses; , , and . |
