Table 7 Business perspective test results.
From: Predictive model on employee stock ownership impacting corporate performance
ESOP_STATUS | ESOP_RATIO | |||
|---|---|---|---|---|
Panel A region high-quality labor supply | There are many 211/985 universities | There are few 211/985 universities | There are many 211/985 universities | Here are few 211/985 universities |
Industrial robot application degree | 0.075 (1.12) | 0.023 (3.02) | 0.009 (1.58) | 0.033 (3.32) |
Constant term | 0.224 (− 1.41) | − 0.443 (− 2.15) | 0.053 (0.28) | − 0.312 (− 1.36) |
Sample size | 5025 | 2164 | 5025 | 2164 |
Adjusted R2 | 0.023 | 0.021 | 0.016 | 0.019 |
Difference | p=0.073 | p=0.006 | ||
Panel B Market competitive pressure | Low pressure | High pressure | Low pressure | High pressure |
Industrial robot application degree | − 0.025 (− 0.72) | 0.011 (2.62) | − 0.017 (− 0.65) | 0.014 (2.93) |
Constant term | − 0.252 (− 0.75) | − 0.383 (− 2.13) | 0.203 (0.72) | − 0.268 (− 1.46) |
Sample size | 5436 | 4956 | 5436 | 4956 |
Adjusted R2 | 0.016 | 0.029 | 0.011 | 0.018 |
Difference | p=0.030 | p=0.020 | ||
Panel C Enterprise growth | High growth | Low growth | Hig growth | Low growth |
Industrial robot application degree | 0.021 (2.64) | 0.006 (0.60) | 0.026 (3.01) | 0.006 (0.82) |
Constant term | − 0.425 (− 2.11) | 0.036 (0.13) | − 0.068 (− 0.41) | 0.063 (0.18) |
Sample size | 4584 | 4515 | 4584 | 4515 |
Adjusted R2 | 0.02 | 0.02 | 0.011 | 0.016 |
Difference | p=0.088 | p=0.068 | ||
Panel D Importance of human capital | High proportion | Low proportion | High proportion | Low proportion |
Industrial robot application degree | 0.033 (3.26) | 0.008 (1.06) | 0.038 ( (3.53) | 0.012 (1.58) |
Constant term | − 0.333 (− 1.51) | − 0.516 (− 1.75) | − 0.136 (− 0.69) | − 0.080 (− 0.30) |
Sample size | 4588 | 4511 | 4588 | 4511 |
Adjusted R2 | 0.032 | 0.019 | 0.018 | 0.016 |
Difference | p=0.018 | p=0.038 | ||
