Research Article
Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model
Table 12
Regression results for state-owned enterprises.
| | Variables | (1) | (3) | (5) | (7) | (9) | (11) | | RD | PE | EQ | RD | PE | EQ |
| | Market | 0.000 | −0.016 | 0.010 | | | | | | (0.28) | (−4.51) | (6.10) | | | | | Fintech | | | | 0.003 | −0.112 | 0.082 | | | | | | (1.49) | (−3.98) | (6.11) | | Control | Yes | Yes | Yes | Yes | Yes | Yes | | Year/Ind | Yes | Yes | Yes | Yes | Yes | Yes | | Constant | 0.011 | 0.610 | −0.673 | 0.008 | 0.667 | −0.720 | | | (1.30) | (4.93) | (−11.39) | (0.97) | (5.28) | (−11.91) | | Observations | 4,403 | 4,403 | 4,403 | 4,403 | 4,403 | 4,403 |
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