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

Table 4

Descriptive statistics.

Variable name	Observed value	Mean value	Standard deviation	Minimum value	Maximum value
Number of invention patents	25955	9.008939	62.780	0	3096
Number of utility model patents	25955	22.36113	99.148	0	3823
Total Digital Inclusive Finance Index	25955	238.0898	94.316	16.22	410.2814
Digital inclusive finance usage depth index	25955	241.3122	97.136	6.76	439.9118
Digital inclusive finance coverage breadth index	25955	219.0716	91.578	1.96	384.6559
Year-on-year growth rate of total operating income	25938	14.87617	34.681	−59.15492	192.6067
Assets and liabilities ratio	25955	43.33013	22.034	5.07504	94.86151
Capital intensity	24763	47.18975	22.186	3.732843	91.3196
Return on net assets	25787	6.453716	14.127	−74.84134	38.02006
Shareholding ratio of major shareholders	25949	34.43763	14.887	8.54	74.3
Liquidity ratio	25459	2.546113	2.739	0.2727728	17.75019
Quick ratio	25459	2.035293	2.511	0.1619173	16.10343
Working capital to total assets ratio	25459	22.97224	26.074	−44.68603	79.96218
CEO duality phenomenon	25955	0.2542863	0.435	0	1
Duration of existence	25955	21.52448	5.225	10	38
Whether it is a state-owned enterprise	25955	0.365209	0.481	0	1
Total equity	25955	1.67e + 09	2.97e + 09	1.12e + 08	2.11e + 10
GDP	25955	425.9729	270.468	6.115	1079.869