PSM method
| (1) | (2) | |
|---|---|---|
| Variable | Digital1 | Digital2 |
| CR | −0.283*** (−9.19) | −0.053*** (−4.50) |
| Controls | YES | YES |
| Year FE | YES | YES |
| Industry FE | YES | YES |
| Observations | 16,622 | 16,622 |
| R-squared | 0.439 | 0.260 |
| (1) | (2) | |
|---|---|---|
| Variable | Digital1 | Digital2 |
| −0.283 | −0.053 | |
| Controls | ||
| Year | ||
| Industry | ||
| Observations | 16,622 | 16,622 |
| R-squared | 0.439 | 0.260 |
This table reports the results of PSM Method. *, ** and *** denote significance at the 10, 5 and 1% levels, respectively
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