|
| (1) | (2) | (3) |
|
| Opinion | Opinion | Opinion |
| Opinion |
|
|
|
| L.ESG | 0.1206*** |
|
|
|
| (0.037) |
|
|
| ESG2 |
| 0.3457*** |
|
|
|
| (0.077) |
|
| ESG |
|
| 0.3247*** (0.080) |
| CSR |
|
| 0.0026 |
|
|
|
| (0.003) |
| _cons | −2.0920 | −1.5221 | −1.4915 |
|
| (1.279) | (1.151) | (1.153) |
| N | 7528.0000 | 8799.0000 | 8797.0000 |
| Control | Yes | Yes | Yes |
| year | Yes | Yes | Yes |
| industry | Yes | Yes | Yes |