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

Table 8

PSM-DID regression.

	ESG		DT
	(1)	(2)	(3)	(4)
	EERE	POLLUT	EERE	POLLUT
TREAT	-0.163 (0.029)	-0.189 (0.033)	-0.061 (0.005)	-0.055 (0.005)
POST	-0.327 (0.027)	-0.287 (0.031)	0.027 (0.005)	0.024 (0.005)
	0.151 (0.037)	0.085 (0.041)	-0.025 (0.007)	-0.021 (0.007)
Cons	-0.781 (0.223)	-0.844 (0.252)	0.175 (0.040)	0.004 (0.042)
Control	Yes	Yes	Yes	Yes
Year fix	Yes	Yes	Yes	Yes
Industry fix	Yes	Yes	Yes	Yes
	15029	11641	15029	11641
Adj.	0.134	0.134	0.102	0.090

Notes: standard errors in parentheses. ; ; .