(1)

(2)

Innov

Innov

Officer

1.409^***

(0.316)

CSR

0.007

−0.003

(0.022)

(0.022)

Officer * CSR

−0.044^***

(0.005)

Pro

−1.689^***

−1.657^***

(0.084)

(0.084)

Size

0.220^***

0.235^***

(0.077)

(0.077)

Debt

−3.423^***

−3.247^***

(0.299)

(0.297)

Top1

0.008^*

0.008

(0.005)

(0.005)

Cf

−2.084^***

−2.047^***

(0.330)

(0.327)

GDP

0.022^***

0.020^***

(0.004)

(0.004)

cons

0.074

−0.459

(1.588)

(1.575)

固定效应

YES

YES

N

7058

7058

R2

0.112

0.129