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

Table 8

Results from the multiple regression analysis of IC on DT.

Independent variables		Dependent variable: DT
		Model 8	Model 9	Model 10	Model 11	Model 12	Model 13
Position	P2	0.161	0.109	0.03	0.048	−0.001	0.012
	P3	0.303^∗	0.177	0.058	0.21	0.042	0.047
	P4	0.383^∗^∗^∗	0.224^∗	0.125	0.234^∗	0.083	0.09
Region	R2	0.251^∗	0.166	0.025	0.128	0.017	−0.001
	R3	0.067	0.026	−0.058	−0.021	−0.052	−0.06
	R4	−0.463^∗^∗^∗	−0.326^∗	−0.283^∗	−0.289^∗	−0.235^∗	−0.263^∗
Age	A2	0.293	0.236	0.245	0.259	0.213	0.201
	A3	0.503^∗^∗	0.44^∗^∗	0.458^∗^∗	0.401^∗	0.338^∗	0.323^∗
	A4	0.46^∗	0.408^∗	0.395^∗	0.333^∗	0.308^∗	0.286
Type	T2	−0.056	−0.024	0.084	−0.009	0.049	0.056
Action	Action_2	−0.628^∗^∗	−0.479^∗	−0.482^∗^∗	−0.486^∗	−0.404^∗	−0.397^∗
	Action_3	−0.449^∗	−0.376	−0.314	−0.293	−0.248	−0.239
	Action_4	−0.532^∗	−0.418	−0.333	−0.347	−0.263	−0.243
Size			0.156^∗^∗^∗	0.161^∗^∗^∗	0.142^∗^∗	0.145^∗^∗^∗	0.149^∗^∗^∗
DS			0.297^∗^∗^∗
OC				0.461^∗^∗^∗
LS					0.337^∗^∗^∗
IC						0.622^∗^∗^∗	0.639^∗^∗^∗
Zscore(Size) ^∗ Zscore(IC)							0.092^∗^∗
F		5.325^∗^∗^∗	8.773^∗^∗^∗	16.834^∗^∗^∗	9.842^∗^∗^∗	16.381^∗^∗^∗	16.113^∗^∗^∗
R ^2		0.154	0.258	0.4	0.28	0.393	0.405
Adjusted R^2		0.125	0.228	0.376	0.252	0.369	0.38
D-W		0.277	0.435	0.771	0.492	0.686	0.67
Maximum VIF		6.878	6.917	6.926	6.965	6.969	6.979

Notes: ^∗∗∗, ^∗∗, ^∗. IC = internal conditions.