[Retracted] Analysis of Stock Market Opening and Environment Protecting Information with Computational Technologies: Evidence from China

Table 7

Mediating effect of agency cost.

Variables	(1)	(2)	(3)
	Disclose	Agency	Disclose
Agency			−1.284
			(−1.77)
Treat ∗ Post	0.410	−0.010	0.427
	(3.02)	(−6.92)	(3.12)
Size	0.126	0.008	0.142
	(3.98)	(18.43)	(4.03)
ROE	0.011	0.003	0.011
	(0.46)	(3.77)	(0.49)
Growth	−0.004	0.000	−0.004
	(−1.90)	(8.14)	(−1.78)
Bgshareholder	0.000	0.000	0.000
	(0.06)	(3.56)	(0.12)
Big Four	0.497	−0.004	0.487
	(1.68)	(−1.55)	(1.61)
Institute	−0.021	0.001	−0.019
	(−2.97)	(5.50)	(−2.73)
Age	0.104	0.028	0.096
	(4.98)	(5.56)	(4.46)
State	0.177	−0.011	0.166
	(1.08)	(−6.14)	(1.01)
Constant	−0.010	−0.119	−0.256
	(−0.01)	(−12.50)	(−0.30)
Industry	Yes	Yes	Yes
Year	Yes	Yes	Yes
Observations	10,831	12,724	10,518
Pseudo R^2	0.170	0.161	0.170

, , and .