Table 7 Mediation mechanism for entrepreneurship.

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

 

(1)

(2)

VARIABLES

lnCitepatent

lnCitepatent

DT_txt

0.230***

0.729***

 

(0.0371)

(0.212)

ENT

 

0.0773***

  

(0.00250)

c.DT_txt#c.ENT

 

0.0440**

  

(0.0171)

lnage

−0.142***

−0.124***

 

(0.0140)

(0.0137)

soe

0.00551

−0.0170*

 

(0.00972)

(0.00949)

lnsize

0.0556***

0.0309***

 

(0.00440)

(0.00435)

lnboard

0.151***

0.127***

 

(0.0295)

(0.0287)

indp

0.0344

0.00801

 

(0.0897)

(0.0874)

top10

−0.0242

0.0197

 

(0.0289)

(0.0282)

Lev

−0.0779**

−0.00750

 

(0.0319)

(0.0311)

liquid

0.00232

0.00113

 

(0.00203)

(0.00197)

ROA

0.634***

0.476***

 

(0.0750)

(0.0731)

Constant

−0.728***

0.752***

 

(0.121)

(0.126)

Observations

22,200

22,200

R-squared

0.257

0.296

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