Research Article
Impact of Low-Carbon City Policy on Enterprise Investment Efficiency: Based on the Heterogeneity of Chinese Urban Culture
Table 5
Regression results of Confucian culture heterogeneity.
| | Variables | (1) | (2) | | Weak Confucian culture | Strong Confucian culture |
| | LCC | -0.004 | -0.008 | | (-1.07) | (-2.41) |
| | Constant | 0.030 | 0.016 | | (0.64) | (0.37) |
| | Observations | 5,194 | 5,757 |
| | -squared | 0.035 | 0.023 |
| | 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 . |
