Table 12 DID analysis.
From: Opportunity or opportunism? Blockchain technology adoption and corporate default risk
EDP | ||
---|---|---|
(1) DID | (2) Event study | |
DID | 0.003** | |
(2.118) | ||
pre3 | 0.003 | |
(0.478) | ||
pre2 | 0.007 | |
(1.206) | ||
current | 0.005* | |
(1.698) | ||
post1 | 0.007** | |
(2.206) | ||
post2 | 0.005 | |
(1.489) | ||
post3 | 0.008** | |
(2.345) | ||
Size | 0.012*** | 0.012*** |
(12.709) | (17.096) | |
Lev | 0.078*** | 0.078*** |
(15.416) | (16.263) | |
Roa | −0.156*** | −0.156*** |
(−12.580) | (−7.891) | |
Cash | 0.019*** | 0.018*** |
(3.221) | (2.685) | |
Fixed | −0.005 | −0.005 |
(−0.885) | (−0.975) | |
Growth | −0.397*** | −0.404*** |
(−3.221) | (−3.046) | |
Soe | 0.004** | 0.004** |
(2.330) | (2.368) | |
Dual | 0.006 | 0.007 |
(0.672) | (0.751) | |
Hold1 | −0.014*** | −0.015*** |
(−2.774) | (−2.961) | |
Firmage | −0.003*** | −0.003** |
(−3.301) | (−2.222) | |
_cons | −0.281*** | −0.271*** |
(−14.748) | (−19.033) | |
Year FE | YES | YES |
Industry FE | YES | YES |
N | 22,567 | 22,567 |
Adj R2 | 0.108 | 0.108 |