|
| (1) | (2) |
|
| ROA | ROA |
| ESG | 0.004*** | 0.002*** |
|
| (6.87) | (4.14) |
| Lev |
| −0.156*** |
|
|
| (−25.15) |
| Growth |
| 0.028*** |
|
|
| (21.06) |
| Size |
| 0.016*** |
|
|
| (9.43) |
| Turnover |
| 0.050*** |
|
|
| (12.48) |
| Age |
| −0.001 |
|
|
| (−0.20) |
| Cons | 0.050*** | −0.278*** |
|
| (16.32) | (−7.26) |
| 时间效应 | 控制 | 控制 |
| 个体效应 | 控制 | 控制 |
| N | 16,961 | 16,961 |
| R2 | 0.055 | 0.258 |
| F | 38.833 | 100.910 |