Green intellectual capital and financial performance: The moderate of family ownership

Figures & data

Figure 1. Conseptual Framework

Table 1. Descriptive statistical results of the variables used in this study

Variable	Obs	Mean	Std. Dev.	Min	Max
FamilyOwn	276	30.203	33.094	0	99.711
GreenxF	276	16.424	19.08	0	86.749
FinPerfomance	276	1.751	34.322	−289.56	110.02
LeverageDER	276	−1.372	45.541	−753.358	24.849
AGE	276	36.13	20.51	4	12

Source: output Stata (2023)

Table 2. Relationship between variables

Variables	(1)	(2)	(3)	(4)	(5)	(6)
(1) GICD	1.000
(2) FamilyOwn		1.000
	(0.138)
(3) GreenxF	0.154*	0.932*	1.000
	(0.010)	(0.000)
(4) FinPerformance		0.116	0.101	1.000
	(0.876)	(0.055)	(0.093)
(5) LeverageDER	0.102				1.000
	(0.090)	(0.767)	(0.821)	(0.548)
(6) AGE						1.000
	(0.175)	(0.881)	(0.904)	(0.943)	(0.841)

***p<0.01, **p<0.05, *p<0.1

Source: Data processed (2023)

Table 3. Hypothesis testing

ROEEAT	Coef.	St.Err.	t-value	p-value	[95% Conf	Interval]	Sig
Green ICD	−.657	13.877	−0.05	.962	−27.855	26.541
GreenxF	.184	.11	1.67	.095	−.032	.399	*
LeverageDER	−.028	.046	−0.61	.539	−.118	.062
AGE	.008	.101	0.08	.936	−.191	.207
Constant	−1.233	8.5	−0.15	.885	−17.892	15.426
Mean dependent var	1.751			SD dependent var		34.322
Overall r-squared	0.012			Number of obs		276
Chi-square	3.204			Prob > chi2		0.524
R-squared within	0.012			R-squared between		0.157

***p<.01, **p<.05, *p<.1

Source: Data processed (2022)