[Retracted] Digital Transformation and Corporate Total Factor Productivity: Empirical Evidence Based on Listed Enterprises
Table 2
Benchmark regression results.
Explanatory variables
Corporate TFP
(1)
(2)
Digital transformation
0.040 (1.17)
0.146 (2.89)
Enterprise age
0.073 (2.19)
Enterprise scale
0.058 (11.37)
Number of employees
0.012 (1.21)
Debt-assets ratio
0.282 (2.95)
Net profit margin of total assets
1.677 (5.74)
Export intensity
−0.121 (-0.70)
Technological innovation
0.033 (0.25)
Individual, time, industry, and city fixed effects
Yes
Yes
Constant term
3.814 (874.11)
1.803 (7.73)
N
8,134
8,134
Within R-sq
0.046
0.054
Note. ,, and represent the significance at the levels of 1%, 5%, and 10%, respectively; the bracketed values are the Z-scores adjusted by robust clustered standard errors.
