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

Table 8

Testing of consequences presented by corporate risk-taking under an Internet-based business model.

Variables	(1)	(2)	(3)	(4)
	TobinQit+1	TobinQit+2	TobinQit+1	TobinQit+2
RISK1	0.258	0.099
	(4.37)	(1.46)
RISK2			0.138	0.053
			(4.39)	(1.49)
RISK1 × INT1	0.085	0.088
	(2.46)	(1.95)
RISK2 × INT1			0.047	0.048
			(2.56)	(2.00)
INT1	0.005	−0.002	0.004	−0.003
	(0.37)	(−0.16)	(0.28)	(−0.21)
Constant	9.839	9.976	9.838	9.974
	(26.53)	(22.98)	(26.53)	(22.97)
Year/Ind/Region	Yes	Yes	Yes	Yes
Controls	Yes	Yes	Yes	Yes
N	10036	8200	10036	8200
R^2	0.410	0.385	0.410	0.386