Intelligent Capital, Organizational Learning, and Corporate Performance Influence Relationship
Table 2
Benchmark regression results of smart capital on enterprise performance.
(1)
(2)
(3)
L. Tobin Q
0.271
0.593
0.267
(0.022)
(0.011)
(0.014)
Human
0.425
0.133
0.152
(0.071)
(0.010)
(0.024)
Innovation
−2.618
0.416
−2.658
(0.958)
(0.139)
(0.424)
Process
0.247
0.123
0.123
(0.024)
(0.006)
(0.008)
Customer
4.025
0.014
−1.508
(1.551)
(0.152)
(0.393)
Scale
−0.620
−0.143
−0.214
(0.066)
(0.011)
(0.030)
Age
−0.158
−0.050
−0.240
(0.172)
(0.015)
(0.093)
Lev
−1.253
−0.120
−0.118
(0.328)
(0.048)
(0.092)
Investment
0.034
0.024
0.051
(0.050)
(0.016)
(0.016)
DS
−1.501
−0.007
−0.093
(0.548)
(0.049)
(0.132)
Estimation method
SYS-GMM
Dynamic POLS
Dynamic FE
Observations
4604
4604
4604
AR(1)
0.000
AR(2)
0.784
Hansen
0.349
Note.,, and represent significance levels of 1%, 5%, and 10%, respectively. The values in brackets are the standard deviations of the estimated coefficients, and the estimated results of constant terms are not reported, the same as Table 3.
