Table 5 Moderating effect test.
From: Academic background of senior executives and enterprise digital transformation
(1) | (2) | |
|---|---|---|
DT | DT | |
r_xsgg1 | 0.1625*** | 0.1250** |
(2.8282) | (2.1842) | |
lerner | -0.0830 | -0.0515 |
(-1.0289) | (-0.6773) | |
r_xsgg1xlerner | 0.7126*** | 0.6326*** |
(2.8374) | (2.6888) | |
Lnsize1 | -0.0004 | |
(-0.0606) | ||
Lev1 | 0.0275 | |
(0.7271) | ||
Board1 | -0.0618*** | |
(-2.9430) | ||
Roa1 | 0.1208 | |
(1.3677) | ||
CFO1 | -0.3423*** | |
(-4.9667) | ||
Growth1 | 0.0497*** | |
(5.3178) | ||
Shrcr51 | -0.0009** | |
(-1.9939) | ||
Sr1 | 0.1667*** | |
(3.1391) | ||
Both1 | 0.0207 | |
(1.2952) | ||
Age1 | -0.0035** | |
(-2.4095) | ||
_cons | 0.3513*** | 0.6010*** |
(10.4298) | (4.4454) | |
Industry | Yes | Yes |
Year | Yes | Yes |
N | 25,552 | 25,552 |
adj. R2 | 0.326 | 0.334 |
