RDP 2023-10: Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects Appendix B: Trends and Descriptive Statistics

Kim Nguyen and Jonathan Hambur

December 2023

Figure B1: Share of Firms Reporting GPT
Figure B1: Share of Firms Reporting GPT

Sources: Authors' calculations; Refinitiv.

Table B1: Descriptive Statistics of Firm Characteristics
Prior to adoption, median
  Early adopters Late adopters
Return on assets (%) 4.9 4.2
Revenue ($m) 32.6 98.0
Assets ($m) 83.7 274.4
Liquid assets ($m) 0.5 0.3
Debt ($m) 5.4 37.0
Gearing ratio 0.3 0.4
Number of observations 374 3,456

Notes: Firms in the IT sector are excluded, as are firms that have adopted prior to the collection year. Return on assets is measured as EBITDA/assets*100 and gearing ratio is measured as debt/equity*100. The number of observations is at firm-year level.

Sources: Authors' calculations; Morningstar; Refinitiv.