Table 6 Impact of state ownership on the digital transformation of PSEs under economic policy uncertainty.
Variables | DT | ||||
|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | |
State1 | 0.163*** (0.004) | 0.094*** (0.008) | |||
State2 | 0.145*** (0.001) | 0.068*** (0.007) | |||
EPU | –0.461*** (0.000) | –0.358*** (0.009) | –0.219* (0.058) | –0.402** (0.036) | –0.283* (0.094) |
EPU×State1 | 0.186** (0.029) | ||||
EPU×State2 | 0.227** (0.035) | ||||
Size | 0.294 (0.351) | 0.174 (0.123) | 0.065 (0.192) | 0.175* (0.068) | 0.134 (0.259) |
Time | 0.138 (0.207) | 0.051 (0.249) | 0.208 (0.167) | 0.097 (0.162) | 0.192 (0.316) |
ROA | 0.219 (0.148) | 0.263* (0.087) | 0.151 (0.263) | 0.184 (0.152) | 0.357* (0.095) |
Lev | 0.342 (0.341) | 0.143 (0.258) | 0.368 (0.154) | 0.265 (0.139) | 0.144 (0.263) |
Cash | 0.251 (0.295) | 0.116 (0.328) | 0.229* (0.072) | 0.192 (0.248) | 0.012 (0.185) |
SCD | 0.023* (0.076) | 0.347** (0.024) | 0.052** (0.036) | 0.365* (0.092) | 0.166* (0.081) |
Top1 | 0.187* (0.092) | 0.017 (0.149) | 0.249 (0.358) | 0.228 (0.265) | 0.293 (0.179) |
Const | 0.046 (0.158) | 0.253* (0.082) | 0.418* (0.075) | 0.056 (0.347) | 0.132* (0.065) |
IND & YR | Yes | Yes | Yes | Yes | Yes |
Adj. R2 | 0.219 | 0.226 | 0.241 | 0.228 | 0.245 |
F Value | 20.263*** | 18.544*** | 24.609*** | 23.153*** | 21.523*** |
Obs. | 3812 | 3812 | 3812 | 3812 | 3812 |
