TableĀ 4

Descriptive statistics of firms' digital transformation adoption by industry

IndustryMeanSD
Industrial goods and services00
Automobiles and parts00
Basic resources0.2130.410
Chemicals0.2600.439
Construction and materials0.2270.419
Finance and insurance0.4430.497
Food and beverage0.2690.444
Health care0.4200.495
Industrial goods and services0.2240.417
Information technology0.6800.471
Media0.1030.304
Oil and gas0.3200.471
Personal and household goods0.2270.421
Real estate0.1650.371
Retail0.1950.396
Travel and leisure0.4430.500
Utilities and energy0.2990.458
Source(s): Authors' estimation

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