Can Enterprise Digital Transformation Reduce the Reliance on Bank Credit? Evidence from China
This is the Replication Folder of the paper titled "Can Enterprise Digital Transformation Reduce the Reliance on Bank Credit? Evidence from China" Regarding the empirical evidence, this paper first report the results of descriptive statistics for the key variables, and then proceeds to the fourth part of Empirical results and analysis, which has the following main content. 4.1Basic regression; 4.2Robustness check,including:4.2.1Regression results of robustness check 1: Replacing the indicator of enterprise digital transformation;4.2.22Replacing the reliance on bank credit indicator;4.2.3excluding data for first-tier cities and province-level municipalities in China;4.2.4time * industry fixed effects; 4.3Endogeneity test,including:4.3.1Exogenous policy shocks and 4.3.2Instrumental variables method; 4.4Mechanism analysis. Finally, we performed the fifth part of the mechanistic analysis and the sixth part of the Heterogeneous effects based on the baseline regression. The statistical software we use is Stata17.