Table 8 Substitution of explained variables.
From: Academic background of senior executives and enterprise digital transformation
(1) | (2) | |
|---|---|---|
DT2 | DT2 | |
r_xsgg1 | 0.0277*** | 0.0178** |
(3.3637) | (2.1322) | |
Lnsize1 | -0.0126*** | |
(-10.6843) | ||
Lev1 | 0.0060 | |
(0.8107) | ||
Board1 | -0.0072 | |
(-1.5205) | ||
Roa1 | -0.1045*** | |
(-4.7227) | ||
CFO1 | -0.0670*** | |
(-3.6190) | ||
Growth1 | 0.0076*** | |
(2.5859) | ||
Shrcr51 | 0.0001 | |
(0.6791) | ||
Sr1 | 0.0267*** | |
(2.7487) | ||
Both1 | 0.0068** | |
(2.3497) | ||
Age1 | -0.0003 | |
(-1.4569) | ||
_cons | -0.0011 | 0.3030*** |
(-0.0857) | (10.6823) | |
Industry | Yes | Yes |
Year | Yes | Yes |
N | 25,560 | 25,560 |
adj. R2 | 0.234 | 0.243 |
