|
| 润灵esg | L润灵esg | L2润灵esg | L3润灵esg |
| Patent_Award | 0.014*** | 0.017*** | 0.012*** | 0.005*** |
|
| (0.002) | (0.002) | (0.002) | (0.002) |
| risk1 | −0.124 | −0.330*** | −0.364*** | −0.318*** |
|
| (0.077) | (0.090) | (0.088) | (0.075) |
| _cons | −2.254*** | −2.659*** | −1.963*** | −1.002*** |
|
| (0.143) | (0.177) | (0.187) | (0.173) |
| N | 39042 | 33613.000 | 29578.000 | 26201.000 |
| r2 | 0.191 | 0.210 | 0.222 | 0.207 |
| Controls | √ | √ | √ | √ |
| IND | Yes | Yes | Yes | IND |
| year | Yes | Yes | Yes | year |