Research Article

Digital Transformation and ESG Performance: A Quasinatural Experiment Based on China’s Environmental Protection Law

Table 10

Kernel propensity estimation.

ESGDT
(1)(2)(3)(4)
EEREPOLLUTEEREPOLLUT

TREAT-0.117 (0.024)-0.164 (0.023)-0.044 (0.003)-0.050 (0.003)
POST-0.056 (0.022)-0.047 (0.022)0.023 (0.003)0.019 (0.003)
0.110 (0.031)0.099 (0.031)-0.014 (0.004)-0.011 (0.004)
Cons6.592 (0.017)6.587 (0.017)0.070 (0.002)0.074 (0.002)
ControlYesYesYesYes
Year fixYesYesYesYes
Industry fixYesYesYesYes
22,68522,61022,68522,604
Adj. 0.0010.0030.0270.031

Notes: standard errors in parentheses. ; ; .