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) | FE | Gip | ec | tc |
| L.Gip | | 0.1796 (0.0084) | | | L.ec | | | -0.2618 (0.0046) | | L.tc | | | | -0.2272 (0.0048) | Dif | 0.0833 (0.0081) | 0.2880 (0.0442) | 0.1073 (0.0280) | -0.0014 (0.0132) | FE | | 0.1558 (0.0572) | -0.4671 (0.0789) | 0.1623 (0.0488) | L.FE | 0.7290 (0.0316) | | | | Control variables | Yes | Yes | Yes | Yes | Constant | -1.5615 (0.4626) | -7.7210 (1.0104) | -12.0781 (1.5926) | -1.5204 (1.1845) | Sargan | 0.6489 | 0.6559 | 0.7560 | 0.9915 | AR(2) | 0.6537 | 0.5934 | 0.6783 | 0.3860 |
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