Research Article
The Influence of Digital Transformation of Foreign Trade Enterprises on Their Business Performance
Table 6
Robustness test: variable substitution.
| | Variables | MRS | Tobin Q | ROE |
| | DTZ | 0.0024 | — | — | | (2.74) |
| | DT | — | 0.0038 | 0.0016 | | (3.41) | (2.97) |
| | CVs | Yes | Yes | Yes | | Year | Yes | Yes | Yes | | Observed value | 297 | 297 | 297 | | Adjusted R2 | 0.371 | 0.411 | 0.392 |
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