Correction: Pereira et al. Do the Levels of Environmental Sustainability Disclosure and Indebtness Affect the Quality of Earnings? Sustainability 2023, 15, 2871

The authors would like to make the following corrections about the published paper [1]. The changes are as follows:

(1)

Replacing Equation (5) in “Section 3.3. Earnings Persistence” on page 7 with:

PTI_t+1 = β₀ + β₁Debt_i,t × PTI_i,t + β₂ESReporting_{i i,t} ε_t+1

(5)

(2)

The authors would like to change five parts of the table content, so we need to replace the original

Table 5. Effect of financial and non-financial information on earnings persistence.

Regressions	Expected Sign	(1)	(2)	(3)	(4)	(5)
β1	(+)	−0.0127 (−0.3899)	−0.0250 (−0.6704)	1.4733 *** (7.6237)	−0.0598 *** (−5.6837)	0.4421 *** (5.3802)
Β2	(+)		0.9552 *** (10.4773)	0.0029 (0.2126)		−0.0595 (−1.0096)
Β3	(+)		0.0111 (1.0592)
R-squa.		0.0165	0.6959	0.4590	0.2283	0.2405
R-squa adjusted		−0.017	0.678027	0.4339	0.2020	0.2051
Durbin–Watson		0.3468	3.050	2.6210	0.4586	0.4642
F-statistic		0.4925			8.6558 ***
J-statistic			0 ***	4.784 **		32.4858 ***
Instrument rank			6	6		6
No. Obs.		122	91	91	122	91

(1) PTI_t+1 = β₀ + β₁ESReporting_i,t + ε_t+1; (2) PTI_t+1 = β₀ + β₁ESReporting_i,t + β₂PTI_i,t + β₃ Debt_i,t + ε_t+1; (3) PTI_t+1 = β₀ + β₁SReporting_i,t × PTI_i,t + β₂Debt_i,t + ε_t+1; (4) PTI_t+1 = β₀ + _t + β₁Debt_i,t + ε_t+1; (5) PTI_t+1 = β₀ + β₁Debt_i,t × PTI_i,t + β₂ESReporting_{i i,t} ε_t+1; *** and ** represent statistical significance at a level of 1% and 5%, respectively. Source: Authors’ calculations.

with: