Results per Country

ASC

Part 1: Climate Change Risk and Environmental Performance

M1  M2  M3  M4  M5  M6
(Intercept) 4.240 4.240+ −0.728 5.241 0.963 4.901
(2.536) (2.189) (4.722) (5.490) (4.540) (5.770)
IR_CC.z −1.856 1.269 6.075
(2.578) (2.700) (3.670)
EPI.z 7.245** 6.078+ 6.135
(2.226) (3.498) (4.037)
avg_pmi_z −19.022+ −12.014 −11.405 4.307
(10.566) (9.980) (22.141) (31.166)
GDP 0.133 −0.025 0.117 −0.047
(0.107) (0.132) (0.108) (0.144)
IR_CC.z × avg_pmi_z −16.791*
(7.369)
avg_pmi_z × GDP −0.237 −0.533
(0.637) (0.906)
EPI.z × avg_pmi_z 2.748
(12.324)
Num.Obs. 31 31 30 30 30 30
R2 0.018 0.268 0.231 0.305 0.368 0.319
R2 Adj. −0.016 0.242 0.143 0.225 0.237 0.177
Log.Lik. −125.027 −120.474 −117.781 −116.259 −114.836 −115.965
F 0.519 10.597 2.608 3.811 2.799 2.248
RMSE 13.66 11.79 12.27 11.66 11.12 11.55
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Without “strange” Countries (Estonia, Turkey and Croatia)

M1  M2  M3  M4  M5  M6
(Intercept) 7.884*** 7.187*** 7.555** 9.769*** 7.314** 10.507***
(1.566) (1.424) (2.134) (2.472) (2.266) (2.561)
IR_CC.z 0.231 0.984 0.830
(2.504) (1.798) (1.913)
EPI.z 4.074* 2.762 3.731+
(1.729) (1.902) (2.029)
avg_pmi_z −24.057*** −23.116*** −20.507+ −1.483
(4.694) (4.570) (11.002) (16.453)
GDP 0.004 −0.065 0.003 −0.096
(0.048) (0.062) (0.052) (0.065)
IR_CC.z × avg_pmi_z 3.834
(8.709)
avg_pmi_z × GDP −0.094 −0.666
(0.303) (0.489)
EPI.z × avg_pmi_z 17.432
(11.786)
Num.Obs. 28 28 27 27 27 27
R2 0.000 0.176 0.576 0.607 0.581 0.645
R2 Adj. −0.038 0.144 0.521 0.555 0.482 0.560
Log.Lik. −97.376 −94.671 −82.444 −81.435 −82.268 −80.062
F 0.008 5.552 10.413 11.817 5.835 7.616
RMSE 7.84 7.11 5.13 4.94 5.09 4.69
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Part 2: Culture Variables

 M7  M8  M9  M10  M11
(Intercept) 3.840 3.840 3.115 4.184 4.412
(2.355) (2.545) (2.808) (2.712) (2.840)
Individualism.z 6.094* 6.983*
(2.395) (3.202)
LTO.z −3.188 −6.028
(2.589) (3.590)
TL.z 2.814 3.201
(2.861) (3.246)
Duty_Joy.z 5.435+ 0.554
(2.764) (3.786)
Num.Obs. 30 30 27 27 24
R2 0.188 0.051 0.037 0.134 0.338
R2 Adj. 0.159 0.018 −0.001 0.099 0.198
Log.Lik. −118.248 −120.576 −109.639 −108.703 −94.142
F 6.472 1.517 0.967 3.868 2.420
RMSE 12.46 13.47 14.04 13.56 12.23
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M12  M13  M14  M15  M16
(Intercept) −0.471 0.188 −0.705 −2.983 −8.193
(4.814) (4.559) (5.651) (7.642) (10.606)
Individualism.z 2.928 3.471
(3.517) (4.095)
avg_pmi_z −9.588 −22.402* −16.109 −11.671 −9.683
(12.864) (10.060) (11.441) (11.986) (18.424)
GDP 0.115 0.095 0.125 0.219 0.398
(0.109) (0.103) (0.136) (0.218) (0.329)
LTO.z −4.692+ −7.268+
(2.516) (3.949)
TL.z 1.644 2.728
(3.033) (3.391)
Duty_Joy.z 1.238 −3.384
(3.829) (4.591)
Num.Obs. 29 29 26 26 23
R2 0.248 0.322 0.217 0.250 0.452
R2 Adj. 0.158 0.241 0.110 0.148 0.246
Log.Lik. −113.653 −112.160 −103.371 −103.273 −88.519
F 2.755 3.957 2.034 2.447 2.199
RMSE 12.18 11.57 12.90 12.85 11.36
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M17  M18  M19  M20  M21
(Intercept) −4.855 2.395 −5.530 −3.346 −22.323
(5.528) (4.887) (6.001) (7.974) (17.046)
Individualism.z 13.236 38.833*
(9.018) (14.488)
avg_pmi_z −5.373 −24.205* −6.603 −13.987 30.579
(13.031) (11.522) (13.077) (12.979) (23.385)
GDP 0.186 0.062 0.299+ 0.229 0.644
(0.127) (0.106) (0.161) (0.246) (0.481)
Individualism.z × avg_pmi_z −24.064 −67.674*
(15.201) (24.735)
Individualism.z × GDP −0.250 −0.960+
(0.265) (0.487)
LTO.z −9.978+ −20.725
(5.512) (11.526)
LTO.z × avg_pmi_z 10.596
(11.762)
LTO.z × GDP 0.129
(0.105)
TL.z 7.371 1.432
(5.591) (31.116)
TL.z × avg_pmi_z 2.444
(12.069)
TL.z × GDP −0.162
(0.106)
Duty_Joy.z 3.023 −33.166*
(8.322) (12.337)
Duty_Joy.z × avg_pmi_z −11.037
(17.444)
Duty_Joy.z × GDP −0.082
(0.265)
avg_pmi_z × LTO.z 53.605+
(23.813)
GDP × LTO.z 0.622+
(0.306)
avg_pmi_z × TL.z 14.889
(39.250)
GDP × TL.z −0.012
(0.924)
avg_pmi_z × Duty_Joy.z 36.084
(29.890)
GDP × Duty_Joy.z 0.914+
(0.424)
Num.Obs. 29 29 26 26 23
R2 0.322 0.375 0.339 0.268 0.841
R2 Adj. 0.175 0.239 0.174 0.085 0.562
Log.Lik. −112.150 −110.989 −101.173 −102.965 −74.301
F 2.189 2.755 2.051 1.463 3.019
RMSE 11.57 11.11 11.85 12.70 6.12
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Plots from Model 21

Location

Part 1: Climate Change Risk and Environmental Performance

M1  M2  M3  M4  M5  M6
(Intercept) −0.743 −0.743 −1.970* −1.751 −2.168* −1.608
(0.581) (0.542) (0.947) (1.156) (0.982) (1.213)
IR_CC.z −1.118+ −0.103 −0.698
(0.590) (0.542) (0.794)
EPI.z 1.603** 0.266 0.549
(0.550) (0.737) (0.849)
avg_pmi_z −6.692** −6.589** −5.239 −8.611
(2.120) (2.102) (4.790) (6.554)
GDP 0.031 0.025 0.029 0.019
(0.021) (0.028) (0.023) (0.030)
IR_CC.z × avg_pmi_z 1.512
(1.594)
avg_pmi_z × GDP −0.048 0.051
(0.138) (0.191)
EPI.z × avg_pmi_z −1.688
(2.592)
Num.Obs. 31 31 30 30 30 30
R2 0.110 0.226 0.464 0.466 0.487 0.478
R2 Adj. 0.079 0.199 0.402 0.404 0.381 0.369
Log.Lik. −79.333 −77.167 −69.588 −69.534 −68.911 −69.189
F 3.587 8.475 7.493 7.551 4.563 4.392
RMSE 3.13 2.92 2.46 2.46 2.41 2.43
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Without “strange” Countries (Estonia, Turkey and Croatia)

M1  M2  M3  M4  M5  M6
(Intercept) −0.771 −0.966 −2.235* −1.606 −2.292+ −1.648
(0.639) (0.571) (1.044) (1.234) (1.111) (1.344)
IR_CC.z −1.075 −0.386 −0.469
(1.022) (0.879) (0.938)
EPI.z 1.962** 0.941 0.922
(0.694) (0.950) (1.065)
avg_pmi_z −6.501** −6.164* −4.467 −5.072
(2.296) (2.282) (5.394) (8.636)
GDP 0.034 0.016 0.031 0.015
(0.023) (0.031) (0.026) (0.034)
IR_CC.z × avg_pmi_z 0.271
(4.270)
avg_pmi_z × GDP −0.062 −0.034
(0.148) (0.257)
EPI.z × avg_pmi_z 0.119
(6.186)
Num.Obs. 28 28 27 27 27 27
R2 0.041 0.235 0.428 0.446 0.432 0.448
R2 Adj. 0.004 0.206 0.353 0.374 0.297 0.316
Log.Lik. −72.268 −69.096 −63.137 −62.685 −63.024 −62.657
F 1.108 8.001 5.728 6.184 3.200 3.403
RMSE 3.20 2.85 2.51 2.47 2.50 2.46
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Part 2: Culture Variables

 M7  M8  M9  M10  M11
(Intercept) −0.680 −0.680 −1.010 −0.976 −0.925
(0.519) (0.629) (0.662) (0.599) (0.632)
Individualism.z 1.958*** 1.644*
(0.527) (0.713)
LTO.z −0.393 −0.259
(0.640) (0.799)
TL.z 0.107 0.126
(0.674) (0.723)
Duty_Joy.z 1.452* 0.336
(0.610) (0.843)
Num.Obs. 30 30 27 27 24
R2 0.330 0.013 0.001 0.185 0.318
R2 Adj. 0.306 −0.022 −0.039 0.152 0.174
Log.Lik. −72.850 −78.651 −70.612 −67.911 −58.082
F 13.776 0.378 0.025 5.665 2.212
RMSE 2.74 3.33 3.31 2.99 2.72
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M12  M13  M14  M15  M16
(Intercept) −1.677+ −1.523 −2.159+ −2.343 −2.445
(0.959) (0.895) (1.116) (1.385) (2.127)
Individualism.z 0.621 0.404
(0.701) (0.821)
avg_pmi_z −5.628* −8.407*** −6.284* −6.372** −6.800+
(2.563) (1.974) (2.260) (2.172) (3.694)
GDP 0.025 0.021 0.036 0.039 0.045
(0.022) (0.020) (0.027) (0.040) (0.066)
LTO.z −1.043* −0.990
(0.494) (0.792)
TL.z −0.276 0.215
(0.599) (0.680)
Duty_Joy.z 0.303 −0.344
(0.694) (0.921)
Num.Obs. 29 29 26 26 23
R2 0.490 0.554 0.424 0.521 0.537
R2 Adj. 0.429 0.501 0.346 0.455 0.363
Log.Lik. −66.868 −64.932 −61.201 −58.866 −51.560
F 8.019 10.354 5.408 7.969 3.087
RMSE 2.43 2.27 2.55 2.33 2.28
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M17  M18  M19  M20  M21
(Intercept) −1.656 −2.170* −2.848* −2.312 −1.998
(1.114) (0.914) (1.184) (1.452) (1.960)
Individualism.z −1.140 −9.088***
(1.818) (1.666)
avg_pmi_z −5.557* −8.101** −6.415* −6.100* −9.634**
(2.626) (2.156) (2.581) (2.364) (2.689)
GDP 0.009 0.030 0.066+ 0.040 0.018
(0.026) (0.020) (0.032) (0.045) (0.055)
Individualism.z × avg_pmi_z 0.979 15.641***
(3.064) (2.844)
Individualism.z × GDP 0.067 0.304***
(0.053) (0.056)
LTO.z 0.329 −0.276
(1.031) (1.325)
LTO.z × avg_pmi_z −3.311
(2.201)
LTO.z × GDP −0.035+
(0.020)
TL.z 1.535 0.088
(1.103) (3.578)
TL.z × avg_pmi_z −3.047
(2.382)
TL.z × GDP −0.040+
(0.021)
Duty_Joy.z 0.222 −0.431
(1.516) (1.418)
Duty_Joy.z × avg_pmi_z 1.319
(3.177)
Duty_Joy.z × GDP 0.006
(0.048)
avg_pmi_z × LTO.z −13.731**
(2.738)
GDP × LTO.z −0.092*
(0.035)
avg_pmi_z × TL.z −1.858
(4.513)
GDP × TL.z 0.024
(0.106)
avg_pmi_z × Duty_Joy.z 7.657+
(3.437)
GDP × Duty_Joy.z 0.017
(0.049)
Num.Obs. 29 29 26 26 23
R2 0.530 0.626 0.515 0.527 0.956
R2 Adj. 0.428 0.544 0.393 0.409 0.878
Log.Lik. −65.701 −62.388 −58.982 −58.688 −24.551
F 5.183 7.694 4.243 4.462 12.337
RMSE 2.33 2.08 2.34 2.31 0.70
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Plots from Model 21

Holding Period

Part 1: Climate Change Risk and Environmental Performance

M1  M2  M3  M4  M5  M6
(Intercept) 2.328*** 2.328*** 2.507*** 2.524*** 2.483*** 2.593***
(0.087) (0.087) (0.171) (0.212) (0.174) (0.210)
IR_CC.z −0.046 −0.095 −0.155
(0.089) (0.098) (0.141)
EPI.z −0.074 0.046 0.114
(0.088) (0.135) (0.147)
avg_pmi_z 0.162 0.081 −0.529 −1.971+
(0.383) (0.386) (0.848) (1.134)
GDP −0.005 −0.006 −0.004 −0.005
(0.004) (0.005) (0.004) (0.005)
IR_CC.z × avg_pmi_z 0.350
(0.282)
avg_pmi_z × GDP 0.022 0.063+
(0.024) (0.033)
EPI.z × avg_pmi_z −0.696
(0.448)
Num.Obs. 31 31 30 30 30 30
R2 0.009 0.024 0.098 0.070 0.172 0.193
R2 Adj. −0.025 −0.010 −0.006 −0.038 −0.001 0.025
Log.Lik. −20.601 −20.366 −18.232 −18.698 −16.954 −16.560
F 0.263 0.710 0.944 0.650 0.996 1.151
RMSE 0.47 0.47 0.44 0.45 0.43 0.42
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Without “strange” Countries (Estonia, Turkey and Croatia)

M1  M2  M3  M4  M5  M6
(Intercept) 2.292*** 2.323*** 2.489*** 2.534*** 2.509*** 2.507***
(0.096) (0.097) (0.188) (0.232) (0.197) (0.234)
IR_CC.z −0.157 −0.202 −0.171
(0.153) (0.159) (0.167)
EPI.z −0.076 0.108 0.042
(0.118) (0.179) (0.185)
avg_pmi_z 0.134 0.176 −0.616 −2.555
(0.414) (0.429) (0.959) (1.502)
GDP −0.005 −0.006 −0.004 −0.003
(0.004) (0.006) (0.005) (0.006)
IR_CC.z × avg_pmi_z −0.073
(0.759)
avg_pmi_z × GDP 0.023 0.085+
(0.026) (0.045)
EPI.z × avg_pmi_z −1.562
(1.076)
Num.Obs. 28 28 27 27 27 27
R2 0.039 0.016 0.123 0.076 0.154 0.212
R2 Adj. 0.002 −0.022 0.009 −0.044 −0.047 0.025
Log.Lik. −19.081 −19.420 −16.873 −17.581 −16.390 −15.429
F 1.061 0.413 1.080 0.633 0.766 1.133
RMSE 0.48 0.48 0.45 0.46 0.44 0.43
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Part 2: Culture Variables

 M7  M8  M9  M10  M11
(Intercept) 2.383*** 2.383*** 2.410*** 2.326*** 2.430***
(0.069) (0.064) (0.064) (0.089) (0.057)
Individualism.z 0.046 0.118+
(0.071) (0.065)
LTO.z 0.152* 0.051
(0.065) (0.073)
TL.z −0.021 0.052
(0.065) (0.066)
Duty_Joy.z −0.193* −0.165*
(0.091) (0.077)
Num.Obs. 30 30 27 27 24
R2 0.015 0.162 0.004 0.153 0.360
R2 Adj. −0.020 0.132 −0.036 0.119 0.226
Log.Lik. −12.523 −10.092 −7.473 −16.568 −0.522
F 0.424 5.424 0.104 4.501 2.676
RMSE 0.37 0.34 0.32 0.45 0.25
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M12  M13  M14  M15  M16
(Intercept) 2.654*** 2.564*** 2.644*** 2.217*** 2.532***
(0.118) (0.122) (0.120) (0.264) (0.217)
Individualism.z 0.211* 0.175+
(0.086) (0.084)
avg_pmi_z 0.361 0.046 −0.319 0.061 0.154
(0.314) (0.269) (0.243) (0.414) (0.378)
GDP −0.008** −0.005+ −0.007* 0.003 −0.004
(0.003) (0.003) (0.003) (0.008) (0.007)
LTO.z 0.130+ 0.034
(0.067) (0.081)
TL.z 0.035 0.043
(0.065) (0.070)
Duty_Joy.z −0.214 −0.133
(0.132) (0.094)
Num.Obs. 29 29 26 26 23
R2 0.327 0.274 0.217 0.149 0.395
R2 Adj. 0.246 0.187 0.110 0.032 0.168
Log.Lik. −6.027 −7.121 −3.268 −15.762 0.891
F 4.043 3.144 2.035 1.280 1.740
RMSE 0.30 0.31 0.27 0.44 0.23
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M17  M18  M19  M20  M21
(Intercept) 2.731*** 2.482*** 2.648*** 2.207*** 3.108***
(0.139) (0.126) (0.130) (0.265) (0.422)
Individualism.z 0.027 −0.387
(0.226) (0.359)
avg_pmi_z 0.287 −0.085 −0.524+ 0.104 −0.917
(0.327) (0.298) (0.283) (0.432) (0.579)
GDP −0.009** −0.004 −0.006+ 0.006 −0.016
(0.003) (0.003) (0.003) (0.008) (0.012)
Individualism.z × avg_pmi_z 0.425 1.530*
(0.381) (0.612)
Individualism.z × GDP 0.004 0.014
(0.007) (0.012)
LTO.z 0.168 −0.297
(0.143) (0.285)
LTO.z × avg_pmi_z −0.574+
(0.304)
LTO.z × GDP −0.002
(0.003)
TL.z 0.160 1.053
(0.121) (0.770)
TL.z × avg_pmi_z −0.449
(0.261)
TL.z × GDP −0.002
(0.002)
Duty_Joy.z −0.047 −0.069
(0.277) (0.305)
Duty_Joy.z × avg_pmi_z 0.247
(0.580)
Duty_Joy.z × GDP −0.005
(0.009)
avg_pmi_z × LTO.z −1.397*
(0.590)
GDP × LTO.z 0.004
(0.008)
avg_pmi_z × TL.z −1.564
(0.972)
GDP × TL.z −0.029
(0.023)
avg_pmi_z × Duty_Joy.z 0.636
(0.740)
GDP × Duty_Joy.z 0.000
(0.010)
Num.Obs. 29 29 26 26 23
R2 0.361 0.373 0.318 0.229 0.744
R2 Adj. 0.222 0.237 0.148 0.036 0.295
Log.Lik. −5.261 −4.995 −1.472 −14.471 10.763
F 2.602 2.735 1.867 1.188 1.657
RMSE 0.29 0.29 0.26 0.42 0.15
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Plots from Model 21

Admin 1 (Community Group) vs Admin 2 (Electricity Provider)

Part 1: Climate Change Risk and Environmental Performance

M1  M2  M3  M4  M5  M6
(Intercept) 0.102 0.102 1.454 −0.003 1.129 0.172
(0.471) (0.420) (0.945) (1.061) (0.886) (1.111)
IR_CC.z 0.904+ 0.734 −0.163
(0.479) (0.540) (0.716)
EPI.z −1.480** −1.790* −1.569+
(0.427) (0.676) (0.777)
avg_pmi_z −1.072 −1.713 −4.544 −6.152
(2.114) (1.929) (4.319) (6.000)
GDP −0.035 0.004 −0.029 0.003
(0.021) (0.026) (0.021) (0.028)
IR_CC.z × avg_pmi_z 3.622*
(1.437)
avg_pmi_z × GDP 0.110 0.133
(0.124) (0.174)
EPI.z × avg_pmi_z −1.847
(2.373)
Num.Obs. 31 31 30 30 30 30
R2 0.109 0.293 0.193 0.319 0.369 0.337
R2 Adj. 0.079 0.268 0.100 0.240 0.238 0.199
Log.Lik. −72.869 −69.293 −69.502 −66.952 −65.803 −66.539
F 3.557 12.005 2.069 4.058 2.809 2.444
RMSE 2.54 2.26 2.45 2.25 2.17 2.22
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Without “strange” Countries (Estonia, Turkey and Croatia)

M1  M2  M3  M4  M5  M6
(Intercept) −0.350 −0.264 0.606 0.055 0.675 0.471
(0.417) (0.398) (0.854) (1.006) (0.901) (1.045)
IR_CC.z 0.478 0.223 0.341
(0.668) (0.720) (0.761)
EPI.z −0.870+ −0.798 −0.362
(0.483) (0.774) (0.828)
avg_pmi_z −0.587 −0.870 −3.497 4.234
(1.879) (1.860) (4.374) (6.714)
GDP −0.025 −0.008 −0.020 −0.018
(0.019) (0.025) (0.021) (0.026)
IR_CC.z × avg_pmi_z −0.085
(3.462)
avg_pmi_z × GDP 0.090 −0.155
(0.120) (0.200)
EPI.z × avg_pmi_z 6.440
(4.809)
Num.Obs. 28 28 27 27 27 27
R2 0.019 0.111 0.087 0.124 0.111 0.205
R2 Adj. −0.018 0.077 −0.032 0.010 −0.101 0.015
Log.Lik. −60.356 −58.986 −57.721 −57.168 −57.364 −55.859
F 0.514 3.241 0.732 1.083 0.524 1.081
RMSE 2.09 1.99 2.05 2.01 2.03 1.92
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Part 2: Culture Variables

 M7  M8  M9  M10  M11
(Intercept) −0.020 −0.020 0.079 0.226 0.001
(0.485) (0.497) (0.510) (0.542) (0.560)
Individualism.z −0.668 −0.862
(0.493) (0.632)
LTO.z 0.320 0.869
(0.506) (0.709)
TL.z −1.012+ −1.120+
(0.519) (0.641)
Duty_Joy.z −0.205 0.351
(0.552) (0.747)
Num.Obs. 30 30 27 27 24
R2 0.061 0.014 0.132 0.005 0.226
R2 Adj. 0.028 −0.021 0.097 −0.034 0.063
Log.Lik. −70.841 −71.578 −63.565 −65.208 −55.194
F 1.832 0.401 3.795 0.138 1.389
RMSE 2.57 2.63 2.55 2.71 2.41
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M12  M13  M14  M15  M16
(Intercept) 1.312 1.318 0.908 3.409* 3.586
(0.984) (0.980) (1.094) (1.468) (2.065)
Individualism.z −0.439 −0.462
(0.719) (0.797)
avg_pmi_z −0.821 0.637 1.000 −1.587 −1.082
(2.630) (2.163) (2.215) (2.302) (3.588)
GDP −0.034 −0.034 −0.024 −0.096* −0.114+
(0.022) (0.022) (0.026) (0.042) (0.064)
LTO.z 0.347 0.910
(0.541) (0.769)
TL.z −0.778 −0.860
(0.587) (0.660)
Duty_Joy.z 0.910 1.339
(0.736) (0.894)
Num.Obs. 29 29 26 26 23
R2 0.144 0.145 0.195 0.202 0.375
R2 Adj. 0.041 0.043 0.085 0.093 0.141
Log.Lik. −67.612 −67.590 −60.687 −60.376 −50.888
F 1.402 1.417 1.778 1.857 1.602
RMSE 2.49 2.49 2.50 2.47 2.21
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M17  M18  M19  M20  M21
(Intercept) 1.731 1.337 1.998+ 3.682* 5.322
(1.152) (1.094) (1.123) (1.452) (5.333)
Individualism.z 0.023 −2.969
(1.879) (4.532)
avg_pmi_z −1.300 0.730 −0.895 −0.718 −4.244
(2.716) (2.580) (2.447) (2.363) (7.316)
GDP −0.028 −0.034 −0.064* −0.125* −0.177
(0.026) (0.024) (0.030) (0.045) (0.151)
Individualism.z × avg_pmi_z 1.564 7.771
(3.168) (7.738)
Individualism.z × GDP −0.031 0.075
(0.055) (0.152)
LTO.z 0.388 −0.782
(1.234) (3.606)
LTO.z × avg_pmi_z 0.190
(2.633)
LTO.z × GDP −0.001
(0.024)
TL.z −2.243* 2.859
(1.046) (9.734)
TL.z × avg_pmi_z 0.028
(2.258)
TL.z × GDP 0.039+
(0.020)
Duty_Joy.z −1.312 −1.401
(1.515) (3.859)
Duty_Joy.z × avg_pmi_z 3.832
(3.176)
Duty_Joy.z × GDP 0.080
(0.048)
avg_pmi_z × LTO.z −8.732
(7.450)
GDP × LTO.z 0.019
(0.096)
avg_pmi_z × TL.z −5.838
(12.279)
GDP × TL.z −0.101
(0.289)
avg_pmi_z × Duty_Joy.z 5.012
(9.350)
GDP × Duty_Joy.z 0.111
(0.133)
Num.Obs. 29 29 26 26 23
R2 0.198 0.146 0.366 0.300 0.532
R2 Adj. 0.023 −0.040 0.207 0.125 −0.288
Log.Lik. −66.671 −67.586 −57.594 −58.680 −47.573
F 1.134 0.784 2.305 1.711 0.649
RMSE 2.41 2.49 2.22 2.31 1.91
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Plots from Model 21

Admin 3 (Natl. Gov.) vs Admin 2 (Electricity Provider)

Part 1: Climate Change Risk and Environmental Performance

M1  M2  M3  M4  M5  M6
(Intercept) 5.376*** 5.376*** 5.185*** 4.915*** 4.931*** 4.783***
(0.351) (0.353) (0.733) (0.895) (0.697) (0.869)
IR_CC.z 0.275 0.238 −0.585
(0.357) (0.419) (0.564)
EPI.z −0.178 −0.361 −0.286
(0.359) (0.570) (0.608)
avg_pmi_z 0.571 0.558 6.911+ 7.770
(1.639) (1.626) (3.400) (4.692)
GDP 0.006 0.013 −0.006 0.002
(0.017) (0.022) (0.017) (0.022)
IR_CC.z × avg_pmi_z 1.067
(1.132)
avg_pmi_z × GDP −0.205* −0.238+
(0.098) (0.136)
EPI.z × avg_pmi_z 0.982
(1.855)
Num.Obs. 31 31 30 30 30 30
R2 0.020 0.008 0.024 0.027 0.214 0.186
R2 Adj. −0.014 −0.026 −0.088 −0.085 0.051 0.016
Log.Lik. −63.738 −63.921 −61.876 −61.831 −58.626 −59.161
F 0.595 0.246 0.215 0.241 1.309 1.095
RMSE 1.89 1.90 1.90 1.90 1.71 1.74
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Without “strange” Countries (Estonia, Turkey and Croatia)

M1  M2  M3  M4  M5  M6
(Intercept) 5.164*** 5.082*** 4.559*** 4.719*** 4.241*** 4.325***
(0.364) (0.364) (0.751) (0.912) (0.683) (0.868)
IR_CC.z 0.315 0.422 0.083
(0.582) (0.633) (0.577)
EPI.z 0.270 0.117 −0.107
(0.442) (0.701) (0.687)
avg_pmi_z 1.042 1.074 9.153* 8.278
(1.653) (1.686) (3.318) (5.574)
GDP 0.017 0.011 0.007 0.006
(0.017) (0.023) (0.016) (0.022)
IR_CC.z × avg_pmi_z 3.212
(2.626)
avg_pmi_z × GDP −0.238* −0.226
(0.091) (0.166)
EPI.z × avg_pmi_z −0.336
(3.993)
Num.Obs. 28 28 27 27 27 27
R2 0.011 0.014 0.052 0.035 0.314 0.264
R2 Adj. −0.027 −0.024 −0.072 −0.091 0.150 0.089
Log.Lik. −56.529 −56.486 −54.263 −54.506 −49.901 −50.839
F 0.292 0.374 0.421 0.277 1.921 1.510
RMSE 1.82 1.82 1.81 1.82 1.54 1.59
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Part 2: Culture Variables

 M7  M8  M9  M10  M11
(Intercept) 5.433*** 5.433*** 5.460*** 5.405*** 5.365***
(0.334) (0.359) (0.380) (0.395) (0.397)
Individualism.z −0.748* −1.012*
(0.340) (0.448)
LTO.z −0.237 0.273
(0.365) (0.502)
TL.z −0.389 −0.603
(0.387) (0.454)
Duty_Joy.z 0.177 0.576
(0.402) (0.530)
Num.Obs. 30 30 27 27 24
R2 0.147 0.015 0.039 0.008 0.269
R2 Adj. 0.117 −0.020 0.000 −0.032 0.116
Log.Lik. −59.679 −61.848 −55.642 −56.664 −46.933
F 4.841 0.420 1.007 0.194 1.752
RMSE 1.77 1.90 1.90 1.97 1.71
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M12  M13  M14  M15  M16
(Intercept) 5.027*** 5.409*** 4.883*** 5.521*** 3.650*
(0.659) (0.756) (0.821) (1.181) (1.500)
Individualism.z −1.382** −1.430*
(0.482) (0.579)
avg_pmi_z −2.453 0.528 1.588 0.747 −0.378
(1.761) (1.668) (1.662) (1.852) (2.606)
GDP 0.013 0.002 0.017 −0.002 0.057
(0.015) (0.017) (0.020) (0.034) (0.047)
LTO.z −0.148 0.352
(0.417) (0.558)
TL.z −0.518 −0.647
(0.441) (0.480)
Duty_Joy.z 0.257 0.086
(0.592) (0.649)
Num.Obs. 29 29 26 26 23
R2 0.254 0.013 0.082 0.016 0.370
R2 Adj. 0.165 −0.105 −0.044 −0.118 0.133
Log.Lik. −55.988 −60.046 −53.218 −54.719 −43.530
F 2.839 0.111 0.652 0.119 1.564
RMSE 1.67 1.92 1.87 1.99 1.61
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
 M17  M18  M19  M20  M21
(Intercept) 4.709*** 5.372*** 4.985*** 5.546*** −0.575
(0.768) (0.843) (0.945) (1.124) (2.888)
Individualism.z −1.636 −4.763+
(1.253) (2.455)
avg_pmi_z −2.094 0.637 1.655 0.300 2.474
(1.811) (1.987) (2.060) (1.829) (3.962)
GDP 0.008 0.002 0.012 −0.018 0.139
(0.018) (0.018) (0.025) (0.035) (0.082)
Individualism.z × avg_pmi_z −1.238 0.747
(2.113) (4.191)
Individualism.z × GDP 0.020 0.120
(0.037) (0.082)
LTO.z 0.005 4.006+
(0.951) (1.953)
LTO.z × avg_pmi_z −0.110
(2.029)
LTO.z × GDP −0.003
(0.018)
TL.z −0.817 −11.463+
(0.881) (5.272)
TL.z × avg_pmi_z 0.560
(1.901)
TL.z × GDP 0.006
(0.017)
Duty_Joy.z −0.468 1.758
(1.173) (2.090)
Duty_Joy.z × avg_pmi_z −2.345
(2.458)
Duty_Joy.z × GDP 0.018
(0.037)
avg_pmi_z × LTO.z 1.598
(4.035)
GDP × LTO.z −0.103+
(0.052)
avg_pmi_z × TL.z 12.639+
(6.650)
GDP × TL.z 0.335+
(0.157)
avg_pmi_z × Duty_Joy.z −9.127
(5.064)
GDP × Duty_Joy.z −0.064
(0.072)
Num.Obs. 29 29 26 26 23
R2 0.307 0.015 0.089 0.201 0.737
R2 Adj. 0.156 −0.199 −0.139 0.001 0.277
Log.Lik. −54.924 −60.024 −53.115 −52.017 −33.470
F 2.037 0.069 0.391 1.004 1.603
RMSE 1.61 1.92 1.87 1.79 1.04
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001

Plots from Model 21