Panel data regression - i've controlled for dummys in my regression but in terms of writing the equation in my study how would i do so?

[Harry Ruane]

Sorry if this post isn't relevant.


I am conducting a panel data study on impact of esg score on return on assets. Here is my equation thus far:

Return on assets (it) = ESG(it) + Size(it) + leverage(it) + capex(it) + boardsize(it) + sales(it)

I have also controlled for 11 industries by the use of 10 dummy variables - how do i actually add this into my equation?

thanks!

[Carlo Lazzaro]

Harry:
I'd go:

Return on assets (it) = ESG(it) + Size(it) + leverage(it) + capex(it) + boardsize(it) + sales(it) + industry(i) + year(t)