Research Article
Does Digital Finance Induce Improved Financing for Green Technological Innovation in China?
Table 1
Descriptive statistical analysis of the main variables.
| Variable | Variable definitions | Mean | Min. | Med. | Max. |
| DFINA | Digital finance index | 0.6329 | 0.1628 | 0.6635 | 0.9619 | Greeninno | Ln (number of invention patents +1) | 1.2628 | 0.0000 | 1.0986 | 4.9127 | Age | Ln(number of years since the establishment of the enterprise) | 2.8477 | 2.0794 | 2.8904 | 3.5553 | Size | Ln(Total assets) | 12.9345 | 10.5801 | 12.7706 | 16.1704 | Soe | Property right nature for state-owned enterprises take 1, otherwise take 0 | 0.3168 | 0.0000 | 0.0000 | 1.0000 | Outer | Number of independent directors/number of boards | 0.3765 | 0.0000 | 0.3571 | 0.8000 | no1 | The proportion of the largest shareholder of the company | 0.3152 | 0.0300 | 0.2939 | 0.8824 | Lever | Total liabilities/total assets | 0.4044 | 0.0491 | 0.3997 | 0.8600 | l-ratio | Current assets/current liabilities | 2.6151 | 0.4409 | 1.7165 | 18.7324 | Lerner | Lerner index of companies | 0.0440 | -0.2711 | 0.0251 | 0.4365 | Growth | (Current operating income−previous operating income)/previous operating income | 0.3735 | -0.9069 | 0.2699 | 2.0421 |
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