VARIABLES

(1)

(2)

(3)

ESG

ESG

ESG

Digital

0.00335^***

0.00376^***

0.00381^***

(0.000852)

(0.00132)

(0.000702)

JR

−0.235^***

−0.342^***

−0.175^***

(0.0768)

(0.116)

(0.0576)

HMP

0.589^***

0.334^**

0.492^***

(0.111)

(0.159)

(0.0768)

Ln_scale

0.134^***

0.0508^*

0.133^***

(0.0196)

(0.0292)

(0.0142)

DT

0.00138^**

0.000705

0.00210^***

(0.000562)

(0.000820)

(0.000430)

NOCB

−0.00245

−0.000461

−0.00251

(0.00251)

(0.00339)

(0.00189)

NOP

0.0411

0.0441

0.0888

(0.0740)

(0.106)

(0.0666)

Constant

2.096^***

3.111^***

1.497^**

(0.621)

(0.996)

(0.585)

Observations

3122

1072

5876

R-squared

0.086

0.061

0.069