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

Table 7

Robustness test.

	(1)	(2)	(3)
	Greeninno	Greeninno	GreeninnoAll
L.Dfina	0.4505	0.3978	0.2866
	(2.322)	(2.592)	(1.856)
Control variables	Yes	Yes	Yes
Time × industry	Yes
Time effect		Yes	Yes
Industry effect		Yes	Yes
_Cons	−3.3920	−3.0312	−2.3086
	(−6.256)	(−8.496)	(−6.547)
var(e.Greeninno)	2.1222
	(39.576)
N	4960	4522	4960
r2_a		0.1051	0.1387

t statistics in parentheses;  < 0.1,  < 0.05, and  < 0.01.