Research Article

[Retracted] How do Institutional Investors Influence Corporate Governance under Legal Psychology

Table 2

Definition of relevant variables (2).

Variable nameVariable definition

HHIHerfindal index
InstShareholding ratio of institutional investors
IndexMarket index
InestThe total investment of provincial environmental pollution control is taken as logarithm
PeopleThe total number of personnel in the provincial environmental protection system is taken as logarithm
DageChairman’s age divided by 100
GenderIf the gender of the chairman is male, the value is 1, otherwise it is 0
EducationEducational background of the chairman, 1 = technical secondary school or below, 2 = college, 3 = bachelor, 4 = master
YearAnnual dummy variable
IndustryIndustry dummy variable