Variable;MOEX;LSE
"Hypothesis 1";"Hypothesis 2";"Hypothesis 3";"Hypothesis 1";"Hypothesis 2";"Hypothesis 3"
(Intercept);"0.168 (0.09)*";"–0.43 (–1.88)**";"0.19 (0.099)*";"0.14 (0.08)*";"–0.03 (0.95)";"–0.37 (0.22)*"
ROE;"0.009 (0.015)";"0.05 (–0.10)";–;"0.49 (0.19)**";"0.55 (0.023)*";–
Size;"0.0159 (0.008)**";;"0.0156 (0.008)*";"0.29 (0.009)**";;"9.6e–03 (5.8e–03)*"
Posr;"1.36 (0.64)**";–;–;"2.25 (1.16)**";–;–
Negr;–;–;–;–;–;–
Netr;"0.88 (0.495)*";–;–;"2.04 (1.08)**";–;–
Negr_Anlst;–;"–0.01 (2.33)";–;–;"2.23 (0.77)";–
Posr_Anlst;–;–;"0.25 (0.61)";–;–;"1.79 (0.94)**"
Netr_Anlst;–;"3.52 (–2.17)**";"–0.32 (0.29)**";–;"0.31 (0.57)";"–0.62 (1.63)"
Posr_Mngm;–;–;"0.53 (0.28)**";–;–;"0.38 (0.75)"
Envir;"–2.40 (0.770)***";–;"–2.49 (0.74)***";"1.32 (0.73)*";–;"1.38 (0.67)**"
Empl;–;–;–;–;–;–
Humrights;–;–;–;–;–;–
Words;"2.4e–06 (1.3e–06)***";"9.15e–05 (–2.33)**";"2.2e–06 (1.17)**";"4.8e–06 (–0.13)";"–3.7e–05 (0.08)**";"–1.6e–05 (6.0e–06)***"
Leverage;–;–;–;–;–;–
ND/EBITDA;"4.9e–04 (6.5e–04)";"–4.7e–03 (–1.34)*";"5.6e–04 (6.7e–04)";"–2.6e–03 (1.9e–03)";"3.5e–03 (0.61)";"–2.7e–03 (1.2e–03)**"
"R
              2, %";16.13;17.78;13.45;14.77;15.21;11.68
F-test;3.77;4.11;3.27;3.29;9.24;2.52
p-value;0.033;0.026;0.049;0.0489;0.043;0.097