Research Article
Research on the Role and Mechanism of Digital Finance in Improving the Performance of Industrial Green Innovation
| | Financial development | OLS estimation | | (1) Gif | (2) ec | (3) tc | (4) Gif | (5) ec | (6) tc |
| | L.Gif | 0.2108 (0.0094) | | | | | | | L.ec | | -0.2869 (0.0065) | | | | | | L.tc | | | -0.2652 (0.0106) | | | | | Dif | | | | 0.0570 (0.0270) | -0.0359 (0.0547) | 0.0430 (0.0122) | | FD | 0.3282 (0.0632) | 0.2511 (0.0384) | 0.1918 (0.0468) | | | | | Control variables | Yes | Yes | Yes | Yes | Yes | Yes | | Constant | -20.1684 (2.4891) | -15.1133 (1.3966) | -6.8081 (0.8101) | -4.2358 (2.5159) | -6.1636 (4.7193) | -0.6157 (1.2767) | | Sargan | 0.9831 | 0.9702 | 0.5158 | | | | | AR(2) | 0.6132 | 0.5357 | 0.1575 | | | |
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