The Impact of Fintech on Corporate Technology Innovation Based on Driving Effects, Mechanism Identification, and Heterogeneity Analysis

Table 2

Instrumental variable method test.

	(1)	(2)
	Number of patent applications	Number of utility model patent applications
Total Digital Inclusive Finance Index	0.654	0.876
	(6.43)	(4.80)
Control variable	Yes	Yes
Time effects	Yes	Yes
Individual effect	Yes	Yes
N	24583	24583
R^2	0.009	0.024