Effect of digital transformation on TFP (exploitative innovation)
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| TFP | Exploit | TFP | |
| Digital | 0.103*** (0.014) | 0.129*** (0.025) | 0.091*** (0.014) |
| Exploit | 0.098*** (0.009) | ||
| Constant term | 6.876*** (0.157) | 0.946*** (0.284) | 6.779*** (0.152) |
| Control variable | Control | Control | Control |
| Industry/year fixed effects | Yes | Yes | Yes |
| Sample size | 20,634 | 20,983 | 20,634 |
| Adjusted R2 | 0.614 | 0.297 | 0.627 |
| Sobel test | 10.959*** | ||
| Bootstrap mediation confidence interval of effect | [0.076, 0.105] | ||
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| 0.103*** (0.014) | 0.129*** (0.025) | 0.091*** (0.014) | |
| 0.098*** (0.009) | |||
| Constant term | 6.876*** (0.157) | 0.946*** (0.284) | 6.779*** (0.152) |
| Control variable | Control | Control | Control |
| Industry/year fixed effects | Yes | Yes | Yes |
| Sample size | 20,634 | 20,983 | 20,634 |
| Adjusted | 0.614 | 0.297 | 0.627 |
| Sobel test | 10.959*** | ||
| Bootstrap mediation confidence interval of effect | [0.076, 0.105] | ||
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