Table 9 Mediated effects model regression results.

From: Can CFOs’ overseas experience contribute to corporate digital transformation: evidence from China

 

(1)

(2)

(3)

(4)

(5)

 

CDT

Rd

CDT

ESG

CDT

L.COE

0.07**

0.41***

0.08**

0.14***

0.07**

 

(0.03)

(0.11)

(0.04)

(0.03)

(0.03)

Rd

  

0.01***

  
   

(0.00)

  

ESG

    

0.01**

     

(0.01)

Control variables

Y

Y

Y

Y

Y

Year fixed effects

Y

Y

Y

Y

Y

Firm fixed effects

Y

Y

Y

Y

Y

Sample size

27001

21769

21769

27001

27001

R2

0.81

0.86

0.83

0.66

0.81

  1. The standard error of each coefficient estimate is given in brackets below its estimate. ** and *** denote statistical significance at the 5% and 1% levels, respectively.
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