Variable types	Variable name	Variable symbol	Variables description
Variable types	Variable name	Variable symbol	Variables description
Dependent variable	Responsibility to shareholders	CSR1	Corporate responsibility to shareholders
	Responsibility to employees	CSR2	Corporate responsibility to employees
	Responsibility to the rights and interests of suppliers, customers and consumers	CSR3	Corporate responsibility to the rights and interests of suppliers, customers and consumers
	Responsibility for environment	CSR4	Corporate responsibility for environmental protection
	Responsibility to society	CSR5	Corporate responsibility to government tax
Independent variable	Enterprise nature	FOWN	Family enterprise, 1; non-family enterprise, 0
Control variable	Age	OLD	Age of main controller of the enterprise
	Education	EDU	Bachelor degree or above, 1; Otherwise, 0
	Size	Lnassets	Logarithm of the total assets
	Years after listing	AGE	Years after listing
	Industry variables	INDU	Manufacturing enterprise, 1; otherwise, 0
	Marketization index	MKT	Score of the marketization progress
	Government intervention index	GOV	Score of the relationship between government and market
	The index of legal level	LAW	Legislation environment
	Enterprise performance	ROA	Net profit/total assets