| 变量 | (1) VOL |
| ESG | −4.2394*** |
|
| (0.3014) |
| Media | 5.1658*** |
|
| (0.4064) |
| ESG * Media | −1.2020*** |
|
| (0.2175) |
| Controls | YES |
| Constant | 138.5102*** |
|
| (9.8608) |
| Observations | 16,629 |
| R-squared | 0.7342 |
| Number of code | 3726 |
| 行业控制 | YES |
| 年度控制 | YES |