Table 8 Regression model for global sample
From: Effect of blockchain technology initiatives on firms’ market value
Model 1 | Model 2 | |
|---|---|---|
Const | − 0.01 (0.02) | 0.06 (0.03) |
Time/Cost Saving | 0.03* (0.01) | |
Firm size | − 0.01** (0.00) | |
First Announcement | 0.02 (0.01) | 0.02 (0.01) |
Planning Stage | 0.03a (0.02) | 0.02 (0.02) |
User | − 0.01 (0.02) | − 0.01 (0.01) |
D/E Ratio | − 0.00 (0.00) | − 0.00 (0.00) |
ROA | − 0.00 (0.00) | 0.00 (0.00) |
Year fixed effects (2016) | ||
2017 | 0.05* (0.02) | 0.05a (0.03) |
2018 | 0.01 (0.02) | − 0.00 0.02 |
2019 | 0.02a (0.01) | 0.02 (0.01) |
Industry fixed effects (Service) | ||
Agriculture | − 0.05*** (0.01) | − 0.05*** (0.01) |
Manufacturing | 0.01a (0.00) | 0.02* (0.01) |
Logistics | 0.01* (0.01) | 0.03** (0.01) |
Wholesaling | 0.014 (0.01) | 0.04* (0.02) |
Depository | 0.04a (0.02) | 0.06* (0.02) |
Non-depository fin | − 0.01 (0.01) | 0.00 (0.01) |
Insurance | 0.00 (0.02) | 0.02 (0.02) |
Public | − 0.00 (0.01) | 0.04a (0.02) |
N | 249 | 249 |
Adjusted | 0.08 | 0.14 |