The Internet-Based Business Model and Corporate Risk-Taking: An Empirical Study from the Information Empowerment Perspective

Table 6

Robustness test.

Variables	(1)	(2)	(3)	(4)
	RISK1	RISK2	RISK1	RISK1
INT3	0.003	0.005
	(2.90)	(2.74)
INT1			0.005	0.009
			(2.06)	(2.37)
Constant	0.441	0.827	0.393	0.343
	(5.18)	(5.18)	(3.36)	(2.65)
Year/Ind/Region	Yes	Yes	Yes	Yes
Controls	Yes	Yes	Yes	Yes
N	10036	10036	7693	5372
R^2	0.095	0.095	0.114	0.113