Table 2 The average impact of digitalization on firm energy efficiency.

From: Does digitalization improve firm-level energy efficiency? Evidence from a quasi-natural experiment in China

Variables

Firm energy efficiency

Firm energy consumption

Electricity

Coal

Oil

Electricity

Coal

Oil

(1)

(2)

(3)

(4)

(5)

(6)

BCP

−0.172*** (0.018)

0.105*** (0.018)

0.113*** (0.018)

0.174*** (0.016)

−0.102*** (0.016)

−0.111*** (0.016)

C

6.342*** (0.002)

8.055*** (0.002)

8.137*** (0.002)

3.675*** (0.002)

1.962*** (0.002)

1.881*** (0.002)

Firm FE

Yes

Yes

Yes

Yes

Yes

Yes

Industry FE

Yes

Yes

Yes

Yes

Yes

Yes

Year FE

Yes

Yes

Yes

Yes

Yes

Yes

City FE

Yes

Yes

Yes

Yes

Yes

Yes

Observations

389,061

389,061

389,061

389,061

389,061

389,061

R2

0.696

0.834

0.729

0.767

0.840

0.695

Adj-R2

0.508

0.732

0.560

0.622

0.741

0.506

F

92.306

35.118

41.152

115.856

42.020

49.625

  1. (1) *** signifies significance at the 1% level. (2) High-dimensional fixed effects methods are employed to concurrently control for firm characteristics, year characteristics, industry characteristics, and city characteristics. (3) Firm-level cluster robust standard errors are presented in parentheses.
Back to article page