Research Article
Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model
Table 15
Results of one-period lagged regression of explanatory variables.
| | Variables | (1) | (3) | (5) | (7) | (9) | (11) | | RD | PE | EQ | RD | PE | EQ |
| | L.Market | 0.000 | −0.020 | 0.004 | | | | | | (2.58) | (−8.42) | (3.32) | | | | | L.FinTech | | | | 0.009 | −0.251 | 0.064 | | | | | | (6.37) | (−13.23) | (6.05) | | Control | Yes | Yes | Yes | Yes | Yes | Yes | | Year/Ind | Yes | Yes | Yes | Yes | Yes | Yes | | Constant | −0.045 | 0.690 | −0.881 | −0.053 | 0.859 | −0.931 | | | (−7.08) | (8.07) | (−18.35) | (−8.19) | (9.92) | (−19.01) | | Observations | 9,990 | 9,990 | 9,990 | 9,990 | 9,990 | 9,990 |
|
|
