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

Table 7

Average treatment effect test.

Variable		Sample	Treated	Controls	Difference	S.E.	-statistic
ESG	EERE	Unmatched	6.539	6.464	0.075	0.015	4.840
		ATT	6.514	6.478	0.037	0.016	2.220
	POLLUT	Unmatched	6.521	6.475	0.046	0.017	2.770
		ATT	6.496	6.448	0.049	0.019	2.600
DT	EERE	Unmatched	0.037	0.124	-0.087	0.003	-29.090
		ATT	0.036	0.084	-0.048	0.002	-22.760
	POLLUT	Unmatched	0.033	0.118	-0.085	0.003	-26.230
		ATT	0.031	0.075	-0.044	0.002	-19.310