Table 7.

Alternative dependent variable

Variable(1)(2)(3)
RDERDIRD_B
Digital0.274*** (0.066)0.092*** (0.018)0.135** (0.065)
Constant term3.142*** (0.518)0.021 (0.160)3.302*** (0.515)
Control variableControlControlControl
Industry/year fixed effectsYesYesYes
Sample size10,58914,6788,564
Adjusted R20.3060.1340.245
Source(s): Table created by the authors

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