The Impact of the “Belt and Road” Initiative on Accounting Conservatism of Energy-Intensive Enterprises under the Low-Carbon Background
Table 1
Definition of variables.
Variable type
Symbol
Definition
Explained variable
C_score
Using Khan and Watts’s (2009) model of company level accounting conservatism, the accounting conservatism index of the sample is calculated. The larger the value, the higher the company’s accounting conservatism.
Explanatory variables
Treat
For energy-intensive enterprises involved in BRI, the value is 1; 0 otherwise.
Inyear
In 2015, the RBI “vision and action” was promulgated, in 2015 and after 2015, the value is 1; 0 otherwise.
Control variable
Firm size
Natural logarithm of total assets.
SOE
If the enterprise is a state-owned enterprise, the value is 1; 0 otherwise.
