“…The results, presented in Table 7, showed that all coefficients were nearly consistent with the regression results found in Table 5. Second, given that firms' sustainability levels are positively related to corporate green image (Yang, Li, Yu, Zeng, & Sun, 2019), we performed a robustness check using “green image” as an alternative to “sustainability performance.” The findings, reported in Tables 8 and 9, were not significantly different from those shown in Tables 5 and 6. Third, we used the Markov chain Monte Carlo (MCMC) estimation method as an alternative to the bootstrap method.…”