Alternative measures for digital transformation
| (1) | |
|---|---|
| ESG | |
| DTSR | 10.954*** |
| (5.17) | |
| TOBINSQ | 1.418*** |
| (3.38) | |
| LEV | 0.463 |
| (0.08) | |
| FSIZE | 2.284** |
| (2.19) | |
| FAGE | 0.138*** |
| (3.36) | |
| BSIZE | 0.510* |
| (1.73) | |
| BIG4 | 10.034*** |
| (4.27) | |
| STATEOWN | 5.007** |
| (2.48) | |
| _cons | −43.345 |
| (−1.43) | |
| Industry FE | Yes |
| Year FE | Yes |
| r2 | 0.572 |
| r2_a | 0.532 |
| N | 255 |
| (1) | |
|---|---|
| ESG | |
| DTSR | 10.954*** |
| (5.17) | |
| TOBINSQ | 1.418*** |
| (3.38) | |
| LEV | 0.463 |
| (0.08) | |
| FSIZE | 2.284** |
| (2.19) | |
| FAGE | 0.138*** |
| (3.36) | |
| BSIZE | 0.510* |
| (1.73) | |
| BIG4 | 10.034*** |
| (4.27) | |
| STATEOWN | 5.007** |
| (2.48) | |
| _cons | −43.345 |
| (−1.43) | |
| Industry FE | Yes |
| Year FE | Yes |
| r2 | 0.572 |
| r2_a | 0.532 |
| 255 |
Note(s): t-statistics in parentheses; *, **, and *** denote significance at 10%, 5%, and 1% levels respectively
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