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) |