|
| 替换被解释变量 | 滞后一期 |
|
| ESG | ESG |
| LnPay1 | 0.85*** |
|
|
| (0.128) |
|
| L.LnPay |
| 1.128*** |
|
|
| (0.151) |
| Controls | 是 | 是 |
| _cons | −28.96*** | −36.997*** |
|
| (4.109) | (11.678) |
| Year | 是 | 是 |
| Industry | 是 | 是 |
| Observations | 9831 | 8176 |
| R-squared | 0.704 | 0.684 |