Regression results: Strategic agility and firm performance
| (a) | (b) | |||||
|---|---|---|---|---|---|---|
| (Full sample) | (Late DT adopters) | (Early DT adopters) | (Full sample) | (Late DT adopters) | (Early DT adopters) | |
| SA | 0.0316*** (0.0102) | 0.0132 (0.0141) | 0.0427** (0.0177) | −0.0126 (0.0492) | 0.0837 (0.0734) | −0.0393 (0.0745) |
| Size | 0.0001 (0.0001) | 0.0001** (0.0001) | 0.0000 (0.0001) | 0.0011*** (0.0003) | 0.0015*** (0.0005) | 0.0009*** (0.0002) |
| Constant | 4.373*** (0.0377) | 4.419*** (0.0492) | 4.358*** (0.0692) | 16.20*** (0.195) | 15.91*** (0.246) | 16.20*** (0.312) |
| Observations | 1326 | 735 | 567 | 1338 | 742 | 570 |
| R2 | 0.008 | 0.003 | 0.013 | 0.166 | 0.174 | 0.193 |
| (a) | (b) | |||||
|---|---|---|---|---|---|---|
| (Full sample) | (Late DT adopters) | (Early DT adopters) | (Full sample) | (Late DT adopters) | (Early DT adopters) | |
| SA | 0.0316*** (0.0102) | 0.0132 (0.0141) | 0.0427** (0.0177) | −0.0126 (0.0492) | 0.0837 (0.0734) | −0.0393 (0.0745) |
| Size | 0.0001 (0.0001) | 0.0001** (0.0001) | 0.0000 (0.0001) | 0.0011*** (0.0003) | 0.0015*** (0.0005) | 0.0009*** (0.0002) |
| Constant | 4.373*** (0.0377) | 4.419*** (0.0492) | 4.358*** (0.0692) | 16.20*** (0.195) | 15.91*** (0.246) | 16.20*** (0.312) |
| Observations | 1326 | 735 | 567 | 1338 | 742 | 570 |
| 0.008 | 0.003 | 0.013 | 0.166 | 0.174 | 0.193 | |
Note(s): ***, ** and * indicate significance at 1%, 5% and 10%, respectively. Standard errors are reported in parentheses. The dependent variable is firm turnover change in 2020 in panel (a) and firm turnover in 2019 in panel (b). Late adopters subsample includes laggards, while early adopters subsample includes innovators. The dependent variables are considered in logarithms
Source(s): Own elaboration