| p-values | |||
---|---|---|---|---|
 | Levin, Lin & Chu | Im, Pasaran and Shin W-Stat | ADF-Fisher Chi-square | PP-Fisher Chi-Square |
ROA | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
ROE | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
Tobins’Q | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
ESG | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
E | 0.0000 | 0.0034 | 0.0072 | 0.0103 |
S | 0.0000 | 0.0081 | 0.2395 | 0.0014 |
G | 0.0000 | 0.0001 | 0.0033 | 0.0010 |