Effect of digital transformation on TFP (ambidextrous innovation balance)
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| TFP | Balance | TFP | |
| Digital | 0.103*** (0.014) | 0.076*** (0.013) | 0.099*** (0.015) |
| Balance | 0.052*** (0.012) | ||
| Constant term | 6.876*** (0.157) | 1.185*** (0.128) | 6.813*** (0.158) |
| Control variable | Control | Control | Control |
| Industry/year fixed effects | Yes | Yes | Yes |
| Sample size | 20,634 | 20,983 | 20,634 |
| Adjusted R2 | 0.614 | 0.148 | 0.615 |
| Sobel test | 6.565*** | ||
| Bootstrap mediation confidence interval of effect | [0.086, 0.114] | ||
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| 0.103*** (0.014) | 0.076*** (0.013) | 0.099*** (0.015) | |
| 0.052*** (0.012) | |||
| Constant term | 6.876*** (0.157) | 1.185*** (0.128) | 6.813*** (0.158) |
| Control variable | Control | Control | Control |
| Industry/year fixed effects | Yes | Yes | Yes |
| Sample size | 20,634 | 20,983 | 20,634 |
| Adjusted | 0.614 | 0.148 | 0.615 |
| Sobel test | 6.565*** | ||
| Bootstrap mediation confidence interval of effect | [0.086, 0.114] | ||
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