Table 12 Group test based on tech level.
From: Academic background of senior executives and enterprise digital transformation
(1) | (2) | |
|---|---|---|
High-tech industry | Non-high-tech industry | |
r_xsgg1 | 0.2466*** | 0.0826*** |
(8.3796) | (2.9227) | |
Lnsize1 | 0.0040 | -0.0064* |
(0.8882) | (-1.7752) | |
Lev1 | 0.0070 | 0.0687*** |
(0.2559) | (2.9608) | |
Board1 | -0.0877*** | -0.0251* |
(-5.0066) | (-1.7026) | |
Roa1 | 0.1106 | 0.1888** |
(1.4358) | (2.4664) | |
CFO1 | -0.4184*** | -0.1667*** |
(-5.9838) | (-2.9632) | |
Growth1 | 0.0295** | 0.0628*** |
(2.5656) | (7.3459) | |
Shrcr51 | -0.0019*** | 0.0011*** |
(-6.4110) | (4.3996) | |
Sr1 | 0.0995*** | 0.2995*** |
(2.9678) | (8.7231) | |
Both1 | 0.0086 | 0.0452*** |
(0.8416) | (4.6675) | |
Age1 | -0.0026*** | -0.0030*** |
(-2.9520) | (-4.0047) | |
_cons | 0.4901*** | 0.4266*** |
(3.3998) | (5.0053) | |
Industry | Yes | Yes |
Year | Yes | Yes |
N | 15,473 | 10,087 |
adj. R2 | 0.340 | 0.242 |
P value of the coefficient difference between groups | 1% |
