Research Article
Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model
Table 13
Regression results for non-state-owned enterprises.
| | Variables | (1) | (3) | (5) | (7) | (9) | (11) | | RD | PE | EQ | RD | PE | EQ |
| | Market | 0.001 | −0.017 | 0.002 | | | | | | (2.45) | (−6.40) | (1.21) | | | | | Fintech | | | | 0.012 | −0.296 | 0.043 | | | | | | (6.85) | (−14.04) | (3.26) | | Control | Yes | Yes | Yes | Yes | Yes | Yes | | Year/Ind | Yes | Yes | Yes | Yes | Yes | Yes | | Constant | −0.087 | 0.988 | −0.901 | −0.099 | 1.260 | −0.946 | | | (−10.15) | (9.27) | (−13.74) | (−11.39) | (11.75) | (−14.15) | | Observations | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | | F | . | . | . | . | . | . |
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