Research Article
Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model
Table 11
Regression results for small-scale enterprises.
| | Variables | (1) | (3) | (5) | (7) | (9) | (11) | | RD | PE | EQ | RD | PE | EQ |
| | Market | 0.001 | −0.008 | 0.004 | | | | | | (3.25) | (−3.20) | (2.59) | | | | | Fintech | | | | 0.011 | −0.232 | 0.072 | | | | | | (6.20) | (−11.27) | (5.18) | | Control | Yes | Yes | Yes | Yes | Yes | Yes | | Year/Ind | Yes | Yes | Yes | Yes | Yes | Yes | | Constant | −0.174 | 1.857 | −0.799 | −0.185 | 2.096 | 0.871 | | | (−12.02) | (11.38) | (−7.20) | (−12.65) | (12.84) | (7.76) | | Observations | 6,536 | 6,536 | 6,536 | 6,536 | 6,536 | 6,536 |
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