Research Article

Does Digital Finance Induce Improved Financing for Green Technological Innovation in China?

Table 1

Descriptive statistical analysis of the main variables.

VariableVariable definitionsMeanMin.Med.Max.

DFINADigital finance index0.63290.16280.66350.9619
GreeninnoLn (number of invention patents +1)1.26280.00001.09864.9127
AgeLn(number of years since the establishment of the enterprise)2.84772.07942.89043.5553
SizeLn(Total assets)12.934510.580112.770616.1704
SoeProperty right nature for state-owned enterprises take 1, otherwise take 00.31680.00000.00001.0000
OuterNumber of independent directors/number of boards0.37650.00000.35710.8000
no1The proportion of the largest shareholder of the company0.31520.03000.29390.8824
LeverTotal liabilities/total assets0.40440.04910.39970.8600
l-ratioCurrent assets/current liabilities2.61510.44091.716518.7324
LernerLerner index of companies0.0440-0.27110.02510.4365
Growth(Current operating income−previous operating income)/previous operating income0.3735-0.90690.26992.0421