| |
Performance
|
Overall performance
|
|---|
|
Cost control
|
Cash flow
|
Revenue
|
Predicted performance
|
Mean
|
|---|
|
Overall digitalization degree
|
|
Low
|
0.59
|
0.50
|
0.45
|
0.56
|
0.53
|
|
Medium
|
0.57
|
0.57
|
0.45
|
0.57
|
0.54
|
|
High
|
0.60
|
0.66
|
0.50
|
0.61
|
0.59
|
|
p-value
|
0.895
|
0.003
|
0.096
|
0.046
|
0.016
|
|
Performance
|
#
|
+
|
+
|
+
|
#
|
|
Digital technology adoption
|
|
Low
|
0.55
|
0.51
|
0.42
|
0.54
|
0.51
|
|
Medium
|
0.59
|
0.56
|
0.46
|
0.58
|
0.55
|
|
High
|
0.58
|
0.63
|
0.48
|
0.60
|
0.57
|
|
p-value
|
0.934
|
0.000
|
0.120
|
0.103
|
0.009
|
|
Performance
|
#
|
+
|
#
|
#
|
+
|
|
Business mode
|
|
Online
|
0.59
|
0.58 (0.582)
|
0.49
|
0.59
|
0.56
|
|
Offline
|
0.58
|
0.58 (0.578)
|
0.46
|
0.58
|
0.54
|
|
p-value
|
0.688
|
0.329
|
0.243
|
0.457
|
0.235
|
|
Performance
|
#
|
#
|
#
|
#
|
#
|
- “+”: The higher, the better; “-”: The lower, the better; “#”: No difference
