Table 4 Baseline regression results.

From: Digital transformation, entrepreneurship, and disruptive innovation: evidence of corporate digitalization in China from 2010 to 2021

 

(1)

(2)

(3)

VARIABLES

lnCitepatent

lnCitepatent

lnCitepatent

DT_txt

0.257***

 

0.230***

 

(0.0373)

 

(0.0371)

lnage

 

−0.141***

−0.142***

  

(0.0140)

(0.0140)

soe

 

0.00339

0.00551

  

(0.00973)

(0.00972)

lnsize

 

0.0574***

0.0556***

  

(0.00440)

(0.00440)

lnboard

 

0.152***

0.151***

  

(0.0295)

(0.0295)

indp

 

0.0402

0.0344

  

(0.0898)

(0.0897)

top10

 

−0.0320

−0.0242

  

(0.0289)

(0.0289)

Lev

 

−0.0865***

−0.0779**

  

(0.0319)

(0.0319)

liquid

 

0.00183

0.00232

  

(0.00203)

(0.00203)

ROA

 

0.634***

0.634***

  

(0.0751)

(0.0750)

Constant

0.430***

−0.747***

−0.728***

 

(0.00450)

(0.121)

(0.121)

Observations

22,200

22,200

22,200

R-squared

0.241

0.256

0.257

  1. Standard errors in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1. The following table is the same.
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