变量

(1)

(2)

(3)

(4)

ESG

ESG

ESG

ESG

INVH_Presenti

−5.6593^***

−6.8180^***

(−2.86)

(−3.45)

INVH_Preresi

2.1942^***

2.7693^***

(2.64)

(3.29)

Cons

20.9349^***

−4.6872^*

20.7695^***

−4.8244^*

(529.25)

(−1.77)

(380.82)

(−1.82)

N

8725

8725

8725

8725

R-squared

0.796

0.798

0.795

0.798

Controls

NO

YES

NO

YES

Year

YES

YES

YES

YES

Firm

YES

YES

YES

YES