The Influence of Digital Transformation of Foreign Trade Enterprises on Their Business Performance

Table 4

Digital transformation and performance of listed companies.

Model	(1)	(2)
Variables	MRS	MRS
DT	0.0051	0.0049
	(3.53)	(3.27)
CVs	No	Yes
Year	Yes	Yes
Observed value	297	297
Adjusted R^2	0.341	0.453

Note. (1) , , and , respectively, represent significance levels at 1%, 5%, and 10% levels; (2) the values in brackets represent the t statistic adjusted by the robust standard error of the Cluster. The following is the same.