Table 13 Group test based on regional location.
From: Academic background of senior executives and enterprise digital transformation
(1) | (2) | |
|---|---|---|
Central and Eastern region enterprises | western region enterprises | |
r_xsgg1 | 0.1604*** | 0.2356*** |
(5.8692) | (7.1665) | |
Lnsize1 | 0.0048 | -0.0095** |
(1.2142) | (-2.1587) | |
Lev1 | 0.0701*** | -0.0289 |
(2.7852) | (-1.0509) | |
Board1 | -0.0582*** | -0.0525*** |
(-3.6098) | (-3.0399) | |
Roa1 | 0.1043 | 0.1390 |
(1.4357) | (1.6161) | |
CFO1 | -0.3330*** | -0.4211*** |
(-5.3264) | (-6.2075) | |
Growth1 | 0.0573*** | 0.0410*** |
(5.4143) | (4.2119) | |
Shrcr51 | -0.0015*** | -0.0003 |
(-5.3968) | (-1.0742) | |
Sr1 | 0.1678*** | 0.0971** |
(5.5271) | (2.1942) | |
Both1 | 0.0064 | 0.0342*** |
(0.6835) | (2.9765) | |
Age1 | -0.0038*** | -0.0016* |
(-4.8952) | (-1.7151) | |
_cons | 0.5178*** | 0.6763*** |
(5.2787) | (6.6108) | |
Industry | Yes | Yes |
Year | Yes | Yes |
N | 17,056 | 8504 |
adj. R2 | 0.320 | 0.344 |
P value of the coefficient difference between groups | 1% |
