Research on the Impact of Environmental Regulation on Enterprise Innovation from the Perspective of Official Communication

Table 10

The results of PSM-DID test.

Variable	INNO
did	0.009^∗∗∗ (3.131)
Time	−0.004 (−1.285)
Treat	−0.012^∗∗∗ (−2.997)
Size	−0.002^∗∗∗ (−10.964)
Roe	−0.026^∗∗∗ (−13.450)
top1	−0.0002^∗∗∗ (−16.426)
Age	−0.001^∗∗∗ (−18.775)
Debt	−0.033^∗∗∗ (−28.141)
_cons	0.100^∗∗∗ (19.792)
N	15089
F	440.41
R^2	0.2390