| 变量 | (1) | (2) | (3) |
|
| PB | PB | PB |
| ESG | 0.0245*** | 0.0427*** | 0.0421*** |
| (3.72) | (6.65) | (6.75) | |
| Constant | 2.4996*** | 34.8141*** | 36.5883*** |
| (17.95) | (27.99) | (25.36) | |
| Observations | 8651 | 8664 | 8651 |
| R-squared | 0.625 | 0.126 | 0.669 |
| Controls | NO | YES | YES |
| Firm | YES | YES | YES |
| Year | YES | NO | YES |