Table 4 Baseline regression results.

From: Mixed ownership reform and digitalisation

VARIABLES

(1)

(2)

(3)

(4)

Digital

Digital

Digital

Digital

NonSOEs_Dir

0.010***

0.011***

  

(3.69)

(3.94)

  

NonSOEs_Equ

  

0.368***

0.243*

  

(2.82)

(1.85)

Constant

1.621***

0.607

1.609***

0.709*

(59.42)

(1.50)

(50.06)

(1.75)

Observations

10,445

10,445

10,441

10,440

R-squared

0.343

0.360

0.340

0.355

Controls

YES

YES

YES

YES

IND FE

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

  1. Note: The adjusted for clustering robust standard errors are in parentheses. Standard errors are clustered at the firm level, and significance levels are denoted as ***p < 0.01, **p < 0.05, *p < 0.1.
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