|
| (1) | (2) | (3) | (4) |
|
| EPS | EPS | TRANS | EPS |
| ESG | 0.040*** | 0.023*** | 0.013*** | 0.011** |
|
| (7.98) | (4.99) | (8.64) | (2.55) |
| TRANS |
|
|
| 0.905*** |
|
|
|
|
| (30.36) |
| Lev |
| −1.018*** | −0.158*** | −0.875*** |
|
|
| (−20.86) | (−11.26) | (−18.88) |
| Growth |
| 0.206*** | 0.035*** | 0.174*** |
|
|
| (16.27) | (9.92) | (14.69) |
| Size |
| 0.197*** | 0.068*** | 0.136*** |
|
|
| (15.04) | (15.09) | (11.12) |
| Turnover |
| 0.351*** | 0.075*** | 0.282*** |
|
|
| (11.67) | (8.12) | (10.61) |
| Age |
| −0.034 | 0.007 | −0.041* |
|
|
| (−1.40) | (0.73) | (−1.79) |
| _cons | 0.336*** | −3.629*** | −1.175*** | −2.566*** |
|
| (13.71) | (−12.34) | (−11.61) | (−9.40) |
| 时间效应 | 控制 | 控制 | 控制 | 控制 |
| 个体效应 | 控制 | 控制 | 控制 | 控制 |
| N | 16,961 | 16,961 | 16,961 | 16,961 |
| R2 | 0.030 | 0.204 | 0.119 | 0.285 |
| F | 25.704 | 75.657 | 68.929 | 130.702 |