| 变量 | (1) | (2) | (3) |
|
| PB | PB | PB |
| ESG | 0.0212*** | 0.0612*** | 0.0396*** |
| (3.19) | (9.80) | (6.36) | |
| Media | 0.7375*** | 1.0336*** | 0.8040*** |
| (17.40) | (28.56) | (20.04) | |
| ESG × Media | −0.0174*** | −0.0230*** | −0.0182*** |
| (−4.10) | (−5.49) | (−4.58) | |
| Constant | −1.9179*** | 0.0612*** | 0.0396*** |
| (−6.76) | (9.80) | (6.36) | |
| Observations | 8,651 | 8664 | 8651 |
| R-squared | 0.640 | 0.215 | 0.687 |
| Controls | NO | YES | YES |
| Firm | YES | YES | YES |
| Year | YES | NO | YES |