Intelligent Capital, Organizational Learning, and Corporate Performance Influence Relationship

Table 4

Industrial chain heterogeneity test results.

	(1)	(2)	(3)
L. Tobin’s Q	0.449	0.219	0.317
	(0.011)	(0.033)	(0.025)
Human	0.276	0.438	0.362
	(0.030)	(0.114)	(0.099)
Innovation	3.739	−2.722	−2.313
	(0.606)	(0.972)	(1.483)
Process	0.166	0.151	0.172
	(0.011)	(0.034)	(0.030)
Customer	−5.637	0.111	3.399
	(0.431)	(1.639)	(1.791)
Scale	−0.148	−0.443	−0.469
	(0.035)	(0.116)	(0.111)
Age	0.441	−0.760	−0.557
	(0.110)	(0.229)	(0.224)
Lev	−2.007	−1.507	−1.389
	(0.150)	(0.399)	(0.270)
Investment	0.016	0.141	0.084
	(0.020)	(0.072)	(0.064)
DS	0.936	−0.240	−1.836
	(0.172)	(0.491)	(0.592)
Observations	691	1973	1940
AR (1)	0.001	0.000	0.000
AR (2)	0.542	0.236	0.847
Hansen	0.285	0.200	0.778