Effect of digital transformation on TFP (exploratory innovation)
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| TFP | Explore | TFP | |
| Digital | 0.103*** (0.014) | 0.223*** (0.027) | 0.074*** (0.014) |
| Explore | 0.134*** (0.009) | ||
| Constant term | 6.876*** (0.157) | 0.441 (0.289) | 6.811*** (0.148) |
| Control variable | Control | Control | Control |
| Industry/year fixed effects | Yes | Yes | Yes |
| Sample size | 20,634 | 20,983 | 20,634 |
| Adjusted R2 | 0.614 | 0.242 | 0.636 |
| Sobel test | 17.915*** | ||
| Bootstrap mediation confidence interval of effect | [0.061, 0.088] | ||
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| 0.103*** (0.014) | 0.223*** (0.027) | 0.074*** (0.014) | |
| 0.134*** (0.009) | |||
| Constant term | 6.876*** (0.157) | 0.441 (0.289) | 6.811*** (0.148) |
| Control variable | Control | Control | Control |
| Industry/year fixed effects | Yes | Yes | Yes |
| Sample size | 20,634 | 20,983 | 20,634 |
| Adjusted | 0.614 | 0.242 | 0.636 |
| Sobel test | 17.915*** | ||
| Bootstrap mediation confidence interval of effect | [0.061, 0.088] | ||
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