Table 8 Heterogeneity grouping test for the nature of ownership.

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

 

(1)

(2)

VARIABLES

lnCitepatent

lnCitepatent

DT_txt

0.9396***

0.1762

 

(0.2492)

(0.4261)

ENT

0.0664***

0.0963***

 

(0.0032)

(0.0041)

c.DT_txt#c.ENT

0.0648***

−0.0113

 

(0.0200)

(0.0353)

lnage

−0.0954***

−0.2450***

 

(0.0156)

(0.0296)

lnsize

0.0271***

0.0465***

 

(0.0057)

(0.0073)

lnboard

0.1474***

0.1165**

 

(0.0376)

(0.0460)

indp

0.1394

−0.3271**

 

(0.1157)

(0.1380)

top10

0.0456

−0.1293***

 

(0.0356)

(0.0495)

Lev

−0.0022

0.0142

 

(0.0401)

(0.0520)

liquid

0.0010

0.0031

 

(0.0023)

(0.0050)

ROA

0.5570***

0.1791

 

(0.0869)

(0.1399)

Constant

0.5163***

1.1764***

 

(0.1708)

(0.2047)

Observations

15,021

7175

R-squared

0.2826

0.3536

SOE

0

1

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