Table 9 Heterogeneity grouping test for the industry.

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

 

(1)

(2)

VARIABLES

lnCitepatent

lnCitepatent

DT_txt

1.0382***

0.1501

 

(0.2670)

(0.3361)

ENT

0.0797***

0.0776***

 

(0.0052)

(0.0029)

c.DT_txt#c.ENT

0.0660***

−0.0028

 

(0.0215)

(0.0272)

lnage

−0.0513**

−0.1471***

 

(0.0254)

(0.0161)

soe

−0.0390**

−0.0141

 

(0.0172)

(0.0113)

lnsize

0.0172**

0.0345***

 

(0.0076)

(0.0052)

lnboard

0.1752***

0.1120***

 

(0.0503)

(0.0344)

indp

0.0383

0.0163

 

(0.1571)

(0.1037)

top10

0.0977**

−0.0138

 

(0.0491)

(0.0340)

Lev

−0.0436

0.0157

 

(0.0531)

(0.0377)

liquid

−0.0008

0.0019

 

(0.0036)

(0.0023)

ROA

0.2608**

0.6568***

 

(0.1253)

(0.0888)

Constant

0.5947***

0.8266***

 

(0.2217)

(0.1514)

Observations

5698

16,502

R-squared

0.3177

0.2833

INDUSTRY

0

1

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