Analysis of the Impact of Ecological Governance Capacity on the Enterprise Capital Configuration Efficiency: Mediating Effects Based on Social Responsibility

Table 10

Lag-period regression results.

	(1)	(2)	(3)
	One period behind	Lagging two periods	Lagging three periods
SZ	0.251	0.335	0.601
	(4.68)	(4.56)	(5.86)
Constant	−0.148	−0.207	−0.385
	(−4.22)	(−4.30)	(−5.55)
Control variables	Control	Control	Control
Observations	5,100	4,250	3,400
R-squared	0.066	0.070	0.076
Corporate effect	Control	Control	Control
Time effect	Control	Control	Control
F Test	0	0	0
r2_a	0.0647	0.0691	0.0749
F	59.74	53.59	46.84

10%, 5%, and 1%, observably.