The Impact of Internet Use on Corporate Tax Avoidance: Evidence from Chinese Enterprises

Table 8

Peer effect test.

Variables	Classified by medium category		Classified by small category
	(1)	(2)	(3)	(4)
	Rate 1	Sdrate	Rate 1	Sdrate
Peer	0.720		0.665
	(0.021)		(0.032)
Indx		−0.025
		(0.009)
Indz				−0.034
				(0.012)
Constant	−9.773	0.165	−8.816	0.167
	(6.967)	(0.002)	(6.996)	(0.002)
Observations	163,224	2,825	163,224	1,078
R-squared	0.576	0.185	0.573	0.330
Control variables	YES	NO	YES	NO
Time trend	YES	NO	YES	NO
Province trend	YES	NO	YES	NO
Individual FE	YES	NO	YES	NO
Time FE	YES	YES	YES	YES

Note.^∗∗∗, ^∗∗, and ^∗ indicate the significance level of 1%, 5%, and 10%, respectively, and the t statistic value is in parentheses.