The Impact of the “Belt and Road” Initiative on Accounting Conservatism of Energy-Intensive Enterprises under the Low-Carbon Background

Table 7

The impact of the BRI on accounting conservatism: results of the heterogeneity test.

	Ownership differences	Company age differences
		Young enterprises	Mature enterprises
	(1)	(2)	(3)
Treat × Inyear × SOEs	−0.011
	(−2.52)
Treat × Inyear	0.002	−0.010	−0.002
	−0.52	(−2.70)	(−0.77)
Treat	0	0.001	−0.002
	(−0.02)	−0.33	(−0.42)
Inyear	0.032	0.041	0.025
	−42.36	−37.55	−25.28
Control	Yes	Yes	Yes
Industry	Yes	Yes	Yes
_Cons	0.907	0.807	1.095
	−51.77	−32.59	−44.9
N	2,225	1,213	1,012
Adjusted R-square	0.185	0.196	0.22

Note. .