Note(s): Table 2 reports the baseline regression results. Column (1) reports the result of family non-executive directors on robot adoption without the controlling variables. Column (2) reports the result of family non-executive directors on robot adoption with the controlling variables. We report t-statistics in parentheses. All models include year and industry-fixed effects. *, ** and *** indicate two-tailed statistical significance at the 10%, 5% and 1% levels, respectively. All variables are defined in  Appendix

Source(s): Table by authors