	ESG (1)	ESG (2)	ESG (3)
Treat × Time	0.3874^*	0.4152^*	0.5444^***
Treat × Time	−0.123	−0.156	−0.139
Gxh		0.0000^***	0.0000^***
Gxh		0.000	0.000
Soe		1.0939^***	1.0765^***
Soe		−0.148	−0.134
Sep		0.004	0.004
Sep		−0.004	−0.008
Concen		0.0243^*	0.0246^***
Concen		−0.009	−0.005
Size		0.0000^**	0.0000^***
Size		0.000	0.000
Rdi		−0.023	−0.022
Rdi		−0.014	−0.015
TBQ		−0.064	−0.0918^*
TBQ		−0.080	−0.043
Age		−0.5131^*	−0.4994^*
Age		−0.139	−0.211
Cons	72.6477^***	72.5587^***	72.5360^***
Cons	−0.030	−0.799	−0.649
Adj. R2	0.001	0.047	0.049
Observations	930	9303	9303