|
| 低社会责任 | 高社会责任 | ||
| 变量 | (1) | (2) | (3) | (4) |
| ER | −0.976*** |
| −0.823*** |
|
|
| (−12.17) |
| (−8.81) |
|
| L. ER |
| 0.203*** |
| 0.371*** |
|
|
| (2.64) |
| (3.73) |
| Fanpm | −0.000*** | −0.000*** | −0.000 | −0.000 |
|
| (−7.26) | (−7.09) | (−0.89) | (−0.99) |
| ROIC | 0.000*** | 0.000*** | −0.000 | 0.000 |
|
| (6.68) | (8.16) | (−0.15) | (0.26) |
| Fagr | −0.000*** | −0.000*** | −0.000 | −0.000 |
|
| (−2.96) | (−3.11) | (−0.55) | (−0.26) |
| Opgr | −0.000*** | −0.000*** | −0.000* | −0.000* |
|
| (−9.94) | (−11.05) | (−1.67) | (−1.74) |
| Ci | 0.000** | 0.000** | 0.000 | 0.000 |
|
| (2.00) | (2.42) | (0.56) | (0.42) |
| Gr | 0.000*** | 0.000*** | −0.000 | −0.000 |
|
| (10.63) | (6.90) | (−0.82) | (−1.03) |
| N | 6277 | 5786 | 4572 | 4221 |
| R2 | 0.137 | 0.127 | 0.175 | 0.173 |