Table 5 Robustness tests.

From: Digital transformation, entrepreneurship, and disruptive innovation: evidence of corporate digitalization in China from 2010 to 2021

 

(1)

(2)

VARIABLES

lnCitepatent

lnCitepatent

DT_txt

 

0.232***

  

(0.0371)

DT_num

4.470***

−0.141***

 

(0.884)

(0.0140)

lnage

−0.141***

0.00572

 

(0.0140)

(0.00999)

soe

0.00161

0.0550***

 

(0.00973)

(0.00443)

lnsize

0.0579***

0.144***

 

(0.00440)

(0.0296)

lnboard

0.145***

0.0254

 

(0.0295)

(0.0899)

indp

0.0295

−0.0246

 

(0.0898)

(0.0289)

top10

−0.0344

−0.0768**

 

(0.0289)

(0.0319)

Lev

−0.0864***

0.00234

 

(0.0319)

(0.00203)

liquid

0.00217

0.706***

 

(0.00203)

(0.0904)

ROA

0.620***

0.0224**

 

(0.0751)

(0.00888)

isduality

 

0.149***

  

(0.0373)

maleratio

 

−0.0281

  

(0.0194)

ROE

 

−0.829***

  

(0.123)

Constant

−0.749***

−0.829***

 

(0.121)

(0.123)

Observations

22,200

22,200

R-squared

0.257

0.258

Back to article page