The Regulatory Effect of Firm Size on Digital Transformation: An Empirical Study of Pharmaceutical Companies in China

Table 4

The correlation analysis of variables.

Position

Region

Size

Age

Type

Action

CN

MC

GP

TT

DS

OC

LS

EE

IC

DT

Position

1

Region

−0.097

1

Size

0.045

−0.099

1

Age

0.104^∗

−0.091

−0.006

1

Type

0.021

0.035

−0.024

−0.531^∗^∗

1

Action

0.079

−0.169^∗^∗

0.009

0.668^∗^∗

−0.496^∗^∗

1

CN

0.131^∗^∗

−0.053

0.057

0.051

−0.074

0.039

1

MC

0.086

−0.075

0.151^∗^∗

0.172^∗^∗

−0.146^∗^∗

0.151^∗^∗

0.428^∗^∗

1

GP

0.121^∗

−0.125^∗

0.075

0.098

−0.128^∗

0.067

0.541^∗^∗

0.547^∗^∗

1

TT

0.035

−0.075

0.111^∗

0.06

−0.042

0.053

0.429^∗^∗

0.524^∗^∗

0.545^∗^∗

1

DS

0.211^∗^∗

−0.093

0.052

0.119^∗

−0.08

0.089

0.220^∗^∗

0.199^∗^∗

0.233^∗^∗

0.169^∗^∗

1

OC

0.200^∗^∗

−0.064

0.041

0.109^∗

−0.145^∗^∗

0.066

0.376^∗^∗

0.315^∗^∗

0.342^∗^∗

0.259^∗^∗

0.468^∗^∗

1

LS

0.151^∗^∗

−0.091

0.097

0.169^∗^∗

−0.148^∗^∗

0.088

0.274^∗^∗

0.225^∗^∗

0.280^∗^∗

0.180^∗^∗

0.407^∗^∗

0.481^∗^∗

1

EE

0.117^∗

−0.105^∗

0.125^∗

0.121^∗

−0.125^∗

0.099

0.745^∗^∗

0.792^∗^∗

0.840^∗^∗

0.789^∗^∗

0.259^∗^∗

0.407^∗^∗

0.303^∗^∗

1

IC

0.235^∗^∗

−0.103^∗

0.079

0.165^∗^∗

−0.157^∗^∗

0.101^∗

0.367^∗^∗

0.311^∗^∗

0.360^∗^∗

0.256^∗^∗

0.776^∗^∗

0.828^∗^∗

0.786^∗^∗

0.408^∗^∗

1

DT

0.169^∗^∗

−0.157^∗^∗

0.216^∗^∗

0.199^∗^∗

−0.132^∗^∗

0.138^∗^∗

0.418^∗^∗

0.432^∗^∗

0.449^∗^∗

0.396^∗^∗

0.382^∗^∗

0.552^∗^∗

0.428^∗^∗

0.535^∗^∗

0.573^∗^∗

1

Notes: ^∗, ^∗∗, ^∗∗∗.