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

Table 3

Least squares method for controlling provinces and industries.

	(1)	(2)	(3)	(4)	(5)	(6)
	Number of patent applications			Number of utility model patent applications
Total Digital Inclusive Finance Index	0.038			0.070
	(5.24)			(6.36)
Digital inclusive finance coverage breadth index		0.040			0.074
		(5.14)			(6.29)
Digital inclusive finance usage depth index			0.034			0.058
			(4.91)			(5.52)
_cons	−40.054	−39.804	−40.068	−78.612	−78.140	−77.979
	(−8.32)	(−8.29)	(−8.20)	(−9.69)	(−9.66)	(−9.54)
Control variable	Yes	Yes	Yes	Yes	Yes	Yes
Industry effect	Yes	Yes	Yes	Yes	Yes	Yes
Provincial effect	Yes	Yes	Yes	Yes	Yes	Yes
N	24711	24711	24711	24711	24711	24711
R^2	0.089	0.089	0.089	0.158	0.158	0.158