Table 6.
Regression analysis of impact mechanism.
| (1) Abstauk |
(2) Abstaul |
(3) Gpat |
(4) Ce |
|
|---|---|---|---|---|
| Digital | −0.027** (0.009) | −0.053** (0.024) | 0.329*** (0.087) | −0.139** (0.057) |
| Abstauk | −0.066 (0.137) | |||
| Abstaul | 0. (0.139) | |||
| Gpat | −0.100** (0.039) | |||
| Individual fixed effects | Yes | Yes | Yes | Yes |
| Year fixed effects | Yes | Yes | Yes | Yes |
| Constant term | −0.208 (0.607) | −1.181* (0.601) | −0.890 (2.146) | 1.783 (1.356) |
| N | 300 | 300 | 300 | 300 |
| R 2 | 0.321 | 0.126 | 0.745 | 0.409 |
Note: ***, **, and * indicate significance at the 1%, 5%, and 10% levels, respectively; standard errors are in parentheses.