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