Table 5 Heckman two-stage method.
From: The risk effects of corporate digitalization: exacerbate or mitigate?
(1) | (2) | |
|---|---|---|
\({OR}\) | \({OR}\) | |
CDT | −0.031*** | −0.024*** |
(−5.543) | (−4.393) | |
IMR | 0.031*** | −0.005 |
(4.071) | (−0.541) | |
CX | √ | √ |
Y-FE | √ | √ |
Ind-FE | √ | × |
Firm-FE | × | √ |
\({R}^{2}\) | 0.187 | 0.382 |
N | 22,507 | 22,332 |
