Table 4 Mediating effect test.
From: Academic background of senior executives and enterprise digital transformation
(1) | (2) | |
|---|---|---|
r_yftr | r_yftr | |
r_xsgg1 | 4.1580*** | 2.9170*** |
(8.0158) | (5.9977) | |
Lnsize1 | -0.0235 | |
(-0.4289) | ||
Lev1 | -4.6856*** | |
(-10.9058) | ||
Board1 | -0.3366* | |
(-1.6810) | ||
Roa1 | -1.7191* | |
(-1.7190) | ||
CFO1 | -2.1921*** | |
(-3.1767) | ||
Growth1 | -0.1563** | |
(-2.0818) | ||
Shrcr51 | -0.0188*** | |
(-4.1384) | ||
Sr1 | 3.0369*** | |
(5.7714) | ||
Both1 | 0.1005 | |
(0.8016) | ||
Age1 | -0.0886*** | |
(-6.3579) | ||
_cons | 2.6663*** | 8.8906*** |
(5.0389) | (7.3588) | |
Industry | Yes | Yes |
Year | Yes | Yes |
N | 25,560 | 25,560 |
adj. R2 | 0.252 | 0.305 |
