Fig 1.
Main logical framework.
Table 1.
Definition of variables.
Table 2.
Descriptive statistics of main variables.
Table 3.
Results of the digital transformation peer effect test.
Table 4.
Digital transformation peer effects and innovation performance.
Table 5.
Explanatory variables lagged one period test results.
Table 6.
Tobit test results.
Table 7.
Instrumental variable method test results.
Table 8.
Results of the mediation effect test.
Table 9.
Test results for marketization level and executive tenure regulation.
Table 10.
Test results of different photovoltaic firms’ intensive type selection.
Table 11.
Test results for different strategic pacing options.
Table 12.
Test results before and after policy subsidy regression.
Table 13.
Heterogeneity test results based on the nature of property rights in the photovoltaic industry.
Table 14.
Heterogeneity test results based on photovoltaic firm size.