Influence Mechanism of Marketization Process and Financial Technology Development on Enterprise Investment Preference Based on Threshold Model

Table 7

Results of the threshold effect existence test.

Explained variables	Explanatory variables	Number of thresholds	F value	P value	Number of BS	1% threshold	5% threshold	10% threshold
RD	Market	Single threshold	26.76	0.003	300	23.078	17.038	13.858
		Double threshold	12.27	0.110	300	21.460	15.134	13.140
PE		Single threshold	24.27	0.0067	300	22.3102	16.2712	13.9878
		Double threshold	20.97	0.0033	300	17.9470	14.5087	13.0041
		Three-fold threshold	7.35	0.5267	300	26.8050	16.2757	13.6322
EQ		Single threshold	26.72	0.0033	300	21.1185	16.7084	14.0675
		Double threshold	8.15	0.360	300	19.5675	16.0810	13.0347
RD	Fintech	Single threshold	36.29	0.000	300	24.2736	16.6209	13.9040
		Double threshold	20.05	0.0300	300	24.3189	16.4060	13.7580
		Three-fold threshold	10.61	0.5667	300	33.5722	24.2622	20.6943
PE		Single threshold	28.93	0.000	300	22.3640	17.0623	14.2065
		Double threshold	18.57	0.0333	300	21.8480	17.2325	13.4317
		Three-fold threshold	5.62	0.6767	300	26.4968	18.9807	15.2874
EQ		Single threshold	34.27	0.000	300	24.5675	18.0243	15.0492
		Double threshold	8.84	0.3167	300	22.3521	17.2186	14.5723