Concerns	Basic Mat.		Communic.		Cons. Cyclic		Con. Non-Cyc		Energy		Industrials		Technology		Utilities
Concerns	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.
CSR_S1	0.004	0.969	−0.159	0.127	0.096	0.020	0.113	0.016	0.145	0.091	0.081	0.044	0.120	0.014	−0.090	0.406
CSR_S2	0.738	0.000	0.916	0.000	0.782	0.000	0.826	0.000	0.637	0.000	0.680	0.000	0.764	0.000	0.921	0.000
ROAt	−0.022	0.927	−0.124	0.496	−0.024	0.706	0.026	0.763	0.284	0.213	−0.013	0.897	0.079	0.287	−0.017	0.986
CACLt	0.020	0.508	0.002	0.753	−0.001	0.854	−0.005	0.334	0.013	0.451	−0.003	0.541	0.000	0.962	−0.014	0.658
LnTA	0.072	0.005	0.023	0.081	0.033	0.000	0.024	0.001	0.076	0.001	0.045	0.000	0.010	0.087	0.054	0.021
FinDiss	−0.008	0.912	0.028	0.630	0.026	0.374	0.010	0.730	−0.009	0.864	−0.008	0.790	0.014	0.576	−0.031	0.470
R square	76.60%		71.00%		74.10%		83.30%		89.80%		72.40%		74.90%		89.70%