Table 4 Reliability test of environmental regulation
Name of index | Follow cost effect | Value compensation effect |
|---|---|---|
Follow cost strategy guidance | 0.765 | 0.278 |
Follow cost budget additions | 0.951 | 0.306 |
Follow cost human input | 0.832 | 0.406 |
Follow cost equipment investment | 0.762 | 0.198 |
Value compensation strategy guidance | 0.401 | 0.782 |
Value compensation budget additions | 0.238 | 0.815 |
Value compensation human input | 0.300 | 0.826 |
Improvement of value compensation mechanism | 0.158 | 0.751 |
Cronbach’s α | 0.819 | 0.879 |
Explained variance (%) | 33.15 | 34.10 |
Cumulative variance (%) | 33.15 | 67.25 |