(1)

(2)

变量名

PAT

PAT

ESGP

0.049***

0.044***

(8.65)

(6.87)

Media

0.311***

0.264**

(3.26)

(2.32)

ESGM

−0.005

0.014**

(−1.28)

(2.38)

ESGM2

−0.001***

−0.001

(−3.47)

(−1.55)

SIZE

0.466***

0.353***

(16.37)

(10.88)

bod

−0.034

0.088

(−0.25)

(0.61)

Growth

0.212**

0.162*

(2.29)

(1.95)

Lev

−0.854***

−0.959***

(−5.14)

(−5.41)

Age

−0.985***

−1.054***

(−7.42)

(−7.57)

行业效应

Yes

Yes

时间效应

Yes

Yes

常数项

−5.503***

−2.370***

(−6.78)

(−2.95)

变量名

4713

3918

R-squared

0.166

0.112