|
| 国有 | 非国有 | 高新技术 | 非高新技术 |
| ESG | ESG | ESG | ESG | |
| DCG | 0.105*** (0.024) | 0.003 (0.019) | 0.032 (0.022) | 0.037* (0.020) |
| Lev | −0.283** (0.124) | −0.008*** (0.002) | −0.569*** (0.115) | −0.008*** (0.001) |
| Cashflow | 0.030 (0.114) | −0.201 (0.169) | −0.243* (0.145) | 0.124 (0.219) |
| Growth | −0.002*** (0.00) | −0.002** (0.001) | −0.002** (0.001) | −0.009* (0.005) |
| Board | −0.214 (0.159) | 0.026 (0.146) | 0.057 (0.147) | −0.169 (0.152) |
| Dual | −0.031 (0.061) | 0.005 (0.051) | −0.035 (0.055) | 0.023 (0.054) |
| Top1 | 0.000 (0.003) | 0.013*** (0.003) | 0.006** (0.003) | 0.008*** (0.003) |
| _cons | 4.690*** (0.377) | 3.544*** (0.313) | 3.909*** (0.332) | 4.136*** (0.337) |
| 样本量 | 4431.000 | 7552.000 | 6331.000 | 5841.000 |
| r2 | 0.012 | 0.010 | 0.011 | 0.006 |