| 全样本 | 全样本 | 全样本 |
| CSR | CSR | CSR |
Con | −0.852*** |
| −0.760*** |
| (−5.42) |
| (−4.84) |
Media |
| 0.701*** | 0.645*** |
|
| (9.08) | (8.31) |
Con*Media |
|
| −1.638*** |
|
|
| (−4.17) |
LEV | 0.362 | −0.288 | −0.437 |
| (0.75) | (−0.59) | (−0.89) |
ROA | 105.353*** | 104.451*** | 103.958*** |
| (75.88) | (75.06) | (74.64) |
托宾Q值 | −0.847*** | −0.916*** | −0.886*** |
| (−12.09) | (−13.10) | (−12.65) |
Top1 | 0.031*** | 0.030*** | 0.030*** |
| (5.59) | (5.27) | (5.39) |
EXE | −3.218*** | −3.073*** | −2.889*** |
| (−6.64) | (−6.35) | (−5.96) |
cons | 17.801*** | 16.397*** | 16.762*** |
| (20.90) | (19.19) | (19.56) |
年份效应 | 控制 | 控制 | 控制 |
行业效应 | 控制 | 控制 | 控制 |
r2- a | 0.371 | 0.373 | 0.375 |
F | 313.337 | 316.353 | 297.409 |
N | 14,842 | 14,842 | 14,842 |