Table 9. Robustness Regressions Using Market-to-Book Ratio (MTB): ESG (Composite and Pillars) × Executive Gender Diversity (FE–DK)

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Table 9 reports fixed-effects (firm and year) regressions using Market-to-Book (MTB) as the dependent variable, estimating interactions between lagged ESG (composite and pillars) and executive gender diversity with Driscoll–Kraay standard errors.

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2026-02-14