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

Table 6

Intermediary mechanisms, profitability.

	(1)	(2)	(3)
	Number of patent applications	Profitability	Number of patent applications
Total Digital Inclusive Finance Index	0.113	1.773	0.104
	(3.09)	(1.99)	(1.65)
Profitability			0.005
			(2.23)
_cons	−7.415	−100.249	−6.898
	(−1.79)	(−0.99)	(−1.29)
Control variable	Yes	Yes	Yes
Time effects	Yes	Yes	Yes
Individual effect	Yes	Yes	Yes
N	24711	24711	24711
R^2	0.019	0.169	0.034