· Eregulationi,t ×Gfinancei,t + δ5 · Eregulation2i,t × Gfinancei,t + λXi,t + µi + ηt + εi,t (11) where Eregulationit is the regulatory varible; Eregulation2it is the quadratic term; Eregulatioit × Gfinanceit is the interaction between the degree of environmental ...
(2021) studied the impact of the degree of sustainable development disclosure of the holding com- pany on the SRI funds it manages when the ESG rating is reliable [41]; Sciarelli et al. (2021) explored whether the ESG standard in the investment strategy could support the trans- formation ...