RDP 2023-10: Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects Appendix G: Robustness Checks Using Firm Size
December 2023
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Figure G1: Return on Assets around GPT Adoption by Firm Size
Notes: Late adopter sample. Dots represent point estimates. Whiskers indicate 90 per cent confidence intervals.
Sources: Authors' calculations; Morningstar; Refinitiv.
Figure G2: Return on Assets around GPT Adoption by Board Gender
Smaller firms
Notes: Late adopter sample. Bottom three quintiles of assets. Dots represent point estimates. Whiskers indicate 90 per cent confidence intervals.
Sources: Authors' calculations; Morningstar; Refinitiv; S&P Capital IQ.
Figure G3: Return on Assets around GPT Adoption by Board Gender
Larger firms
Notes: Late adopter sample. Top two quintiles of assets. Dots represent point estimates. Whiskers indicate 90 per cent confidence intervals.
Sources: Authors' calculations; Morningstar; Refinitiv; S&P Capital IQ.