Research Article
Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model
Table 10
Regression results for large-scale companies.
| | Variables | (1) | (3) | (5) | (7) | (9) | (11) | | RD | PE | EQ | RD | PE | EQ |
| | Market | 0.000 | −0.027 | 0.006 | | | | | | (0.86) | (−8.00) | (3.62) | | | | | Fintech | | | | 0.005 | −0.205 | 0.046 | | | | | | (3.15) | (−7.47) | (3.66) | | Control | Yes | Yes | Yes | Yes | Yes | Yes | | Year/Ind | Yes | Yes | Yes | Yes | Yes | Yes | | Constant | 0.036 | 0.679 | −0.838 | 0.031 | 0.697 | −0.845 | | | (3.64) | (4.28) | (−11.51) | (3.15) | (4.37) | (−11.56) | | Observations | 5,119 | 5,119 | 5,119 | 5,119 | 5,119 | 5,119 |
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