| Category | Variable | Symbol | Variable Description |
| Dependent Variable | Enterprise Value | EVA | The economic added value of enterprises |
| Independent Variable | Corporate Social Responsibility | CSR | HeXun’s total score of social responsibility reports of listed companies |
| Internal Control | IC | The logarithm of the internal control index | |
| Control Variable | Company Size | Size | The logarithm of total assets |
| Enterprise Nature | Soe | State-owned enterprises are 1, or 0 | |
| Equity Concentration | Con | The largest shareholder shareholding ratio | |
| Board Size | Board | The logarithm of the number of board members | |
| Proportion of Independent Directors | DD | The proportion of independent directors on the board of directors | |
| Financial Risk | Risk | Financial leverage | |
| Growth Ability | Growth | Growth rate of operating income | |
| Separation Rate | Dual | If the chairman concurrently serves as the general manager, it is 1; otherwise, it is 0 | |
| Year | Year | The dummy variable, which belongs to a certain year, is 1; otherwise, it is 0 |