| 变量 | (1) | (2) | (3) |
|
| PB | PB | PB |
| ESG |
|
| 0.0004*** |
|
|
| (2.91) | |
| L.ESG | 0.0267*** | 0.0427*** |
|
| (3.96) | (6.65) |
| |
| L2.ESG |
| 0.0201*** |
|
|
| (2.58) |
| |
| Observations | 7288 | 6261 | 8659 |
| R-squared | 0.678 | 0.695 | 0.680 |
| Controls | YES | YES | YES |
| Firm | YES | YES | YES |
| Year | YES | YES | YES |