Variable Name

Variable Symbol

Variable Definition

Business

Tobin Q

Market value of total enterprise assets/total enterprise assets at the end of the period

Structural Inertia

STR

Including the support of the Board of Directors for CSR, CSR policy, CSR training and other indicators

Environmental Protection Inertia

ENV

Including carbon dioxide emissions, greenhouse gas emissions, total waste, water waste and other indicators

Moral Inertia

MOR

Including employee turnover rate, labor accidents and other indicators

Asset-liability Ratio

LEVERAGE

(Circulating shares × Price per share + non-tradable shares × Net assets per share + market value of net debt)/total assets of the enterprise at the end of the period

Operating Revenue Growth Rate

GROWTH

(amount of operating revenue in the current period of the year − amount of operating revenue in the same period of the previous year)/(amount of operating revenue in the same period of the previous year)