Table 3 Baseline regression results. *p < 0.1, **p < 0.05, *** p < 0.01.

From: Unraveling how digital transformation affects innovation capability in China’s smart manufacturing enterprises

Variables

IC

(1)

(2)

(3)

(4)

DT

0.3247*

1.0063***

0.7817*

0.4731***

(0.1880)

(0.2143)

(0.3987)

(0.0518)

RCA

 

0.0105

0.0101*

−0.0012

 

(0.0066)

(0.0046)

(0.0023)

CAP

 

−0.0042

−0.0016

0.0023

 

(0.0052)

(0.0067)

(0.0031)

TA

 

−0.0860***

−0.0842***

−0.0253*

 

(0.0097)

(0.0112)

(0.0118)

FATAR

 

0.0831

0.1464***

−0.1871**

 

(0.0798)

(0.0280)

(0.0642)

IATAR

 

−0.1624

−0.2489

−0.5508**

 

(0.3332)

(0.5013)

(0.1785)

Industry FE

No

No

Yes

Yes

Year FE

No

No

No

Yes

Region FE

No

No

No

Yes

Constant

0.5232***

2.4218***

2.3765***

1.1197***

(0.0124)

(0.2162)

(0.2657)

(0.2767)

Observations

785

741

741

741

R2

0.0038

0.1031

0.1531

0.7069

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