Research Article
Fintech Penetration, Financial Literacy, and Financial Decision-Making: Empirical Analysis Based on Tar
Table 7
Parameter estimates of double thresholds for financial technology penetration.
| Variable | Coefficient | Standard error | t value |
| Z < 1–1210 obs | Financial decision-making | 0.0000 | 0.0137 | 0.0000 | Subjective financial literacy | 0.0000 | 0.0124 | 0.0000 | Objective financial literacy | 0.0000 | 0.0084 | 0.0000 | 1 ≤ Z < 3–506 obs | Financial decision-making | 0.1400 | 0.0175 | 7.9824 | Subjective financial literacy | 0.0126 | 0.0128 | 0.9851 | Objective financial literacy | 0.0655 | 0.0156 | 4.1855 | 3 ≤ Z–514 obs | Financial decision-making | 0.2487 | 0.01421 | 7.5607 | Subjective financial literacy | 0.19141 | 0.0118 | 6.2230 | Objective financial literacy | 0.2649 | 0.01491 | 7.7320 |
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