Research Article

Research on the Role and Mechanism of Digital Finance in Improving the Performance of Industrial Green Innovation

Table 6

Channel mechanism of digital finance development affecting industrial green innovation performance: financial efficiency.

(1)(2)(3)(4)
FEGipectc

L.Gip0.1796 (0.0084)
L.ec-0.2618 (0.0046)
L.tc-0.2272 (0.0048)
Dif0.0833 (0.0081)0.2880 (0.0442)0.1073 (0.0280)-0.0014 (0.0132)
FE0.1558 (0.0572)-0.4671 (0.0789)0.1623 (0.0488)
L.FE0.7290 (0.0316)
Control variablesYesYesYesYes
Constant-1.5615 (0.4626)-7.7210 (1.0104)-12.0781 (1.5926)-1.5204 (1.1845)
Sargan0.64890.65590.75600.9915
AR(2)0.65370.59340.67830.3860