Variable type

variable code

variable name

Variable Measurement Methods

outcome variable

ROA

Corporate performance

Net profit/average balance of total assets

antecedent condition variable

Age

Age heterogeneity

The Executive team members were categorised by age, which was then calculated by Herfindahl coefficients

Gen

gender heterogeneity

Calculated from Herfindahl coefficient

Ten

Tenure heterogeneity

The Executive team members were categorised by tenure, which was then calculated by Herfindahl coefficients

Ocu

Occupational heterogeneity

Calculated from Herfindahl coefficient

Soc

Social capital heterogeneity

Calculated from Herfindahl coefficient

ESG

ESG

ESG Index measured by Sino-Securities Index Information Service Company Limited.