Analysis of the Impact of Ecological Governance Capacity on the Enterprise Capital Configuration Efficiency: Mediating Effects Based on Social Responsibility
Table 3
Descriptive statistics.
Variable name
Variables’ abbreviation
Number of observations
Avg
Std
Min
Max
Corporate capital allocation efficiency
INV
5,950 (PCS)
0.0397
0.0527
1.20e − 05
1.638
Ecological governance capacity
SZ
5,950 (PCS)
0.671
0.0155
0.650
0.690
Corporate social responsibility
CSR
5,950 (PCS)
0.314
0.202
−0.132
0.909
Tobin Q
Q
5,950 (PCS)
1.670
1.616
0.0893
31.42
Enterprise size
SIZE
5,950 (PCS)
22.67
1.354
19.31
28.51
Cash flow
CASH
5,950 (PCS)
2.338e + 08 (CNY)
5.101e + 09 (CNY)
−8.010e + 10 (CNY)
1.000e + 11 (CNY)
Gearing ratio
LEV
5,950 (PCS)
0.480
0.199
0.00708
0.956
Number of years on the market
AGE
5,950 (PCS)
13.30 (years)
5.390 (years)
2 (years)
27 (years)
INV, SZ, CRS, Q, SIZE, and LEV have no unit of measure.