		Tobin’s Q		ROA		ROE
		Median	p-value	Median	p-value	Median	p-value
CSR
2016	D	0.2207	0.080*	0.0190	0.006	0.0518	0.001***
2016	ND	0.1388	0.080*	0.0003	0.006	0.0004	0.001***
2017	D	0.2346	0.805	0.0183	0.015***	0.0461	0.011***
2017	ND	0.2176	0.805	−0.0128	0.015***	−0.0298	0.011***
CSR Community
2016	D	0.1871	0.313	0.0190	0.051**	0.0518	0.014***
2016	ND	0.1494	0.313	0.0063	0.051**	0.0244	0.014***
2017	D	0.3230	0.339	0.0218	0.052**	0.0520	0.013***
2017	ND	0.2051	0.339	0.0058	0.052**	0.0082	0.013***
CSR Workplace
2016	D	0.2207	0.084*	0.0190	0.007***	0.0519	0.001***
2016	ND	0.1388	0.084*	0.0039	0.007***	0.0049	0.001***
2017	D	0.2422	0.993	0.0185	0.008***	0.0494	0.003***
2017	ND	0.2118	0.993	−0.0105	0.008***	−0.0299	0.003***
CSR Environment
2016	D	0.2207	0.129	0.0195	0.002***	0.0518	0.000***
2016	ND	0.1394	0.129	0.0003	0.002***	0.0004	0.000***
2017	D	0.2506	0.946	0.0180	0.026**	0.0460	0.030**
2017	ND	0.2126	0.946	−0.0090	0.026**	−0.0196	0.030**
CSR Marketplace
2016	D	0.1779	0.419	0.0195	0.036**	0.0580	0.005***
2016	ND	0.1523	0.419	0.0063	0.036**	0.0244	0.005***
2017	D	0.2521	0.703	0.0218	0.024**	0.0542	0.003***
2017	ND	0.2133	0.703	0.0034	0.024**	−0.0095	0.003***