Research Article
[Retracted] Enterprise Digital Transformation and Stock Price Crash Risk: Evidences from China
Table 5
Analysis of mechanism: agency problems.
| | (1) | (2) | (3) | (4) | ADE | DIB | Earnings | INV_E |
| DCGt | −0.013 | 0.082 | −0.014 | 0.005 | | (0.003) | (0.040) | (0.008) | (0.003) | Controls, Year, Ind | Yes | Yes | Yes | Yes | Obs | 10986 | 10986 | 10628 | 10176 | Adj-R2 | 0.193 | 0.158 | 0.051 | 0.040 |
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