I look at how the moderator variable of masculinity moderates the relationships between gender-diverse boards and sustainability. I use panel regression and use the random effects model because in my control variables I include dummy variables such as country of origin and industry types. I created a product out of gender diversity and masculinity to have my moderator and the I used this equation:
xtreg ESG gender diversity masculinity product (which is my masculinity*gender diversity) boardsize ROA firmsize new_ind1 new_ind2 new_ind3 new_ind4 new_ind5 new_ind6 new_ind7 new_ind8 new_ind9 new_ind10 , re robust
so I included both the masculinity as well as the interaction term.
The results show that the masculinity variable is negative and significant and the interaction term is positive and significant. What does that mean? So which term shows me If a moderator effect is present at all and which shows in which direction the moderator moderates the relationship between gender diversity and sustainability?
xtreg ESG gender diversity masculinity product (which is my masculinity*gender diversity) boardsize ROA firmsize new_ind1 new_ind2 new_ind3 new_ind4 new_ind5 new_ind6 new_ind7 new_ind8 new_ind9 new_ind10 , re robust
so I included both the masculinity as well as the interaction term.
The results show that the masculinity variable is negative and significant and the interaction term is positive and significant. What does that mean? So which term shows me If a moderator effect is present at all and which shows in which direction the moderator moderates the relationship between gender diversity and sustainability?
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