Green Finance and Corporate Green Innovation: Based on China’s Green Finance Reform and Innovation Pilot Policy

Table 2

Results of benchmark regression.

Variable	(1)	(2)
	lnPatent	lnPatent
Treat × Policy	0.092	0.084
	(0.039)	(0.038)
Policy	0.346	−0.102
	(0.030)	(0.035)
Treat	−0.118	−0.075
	(0.043)	(0.037)
Size		0.532
		(0.024)
Capital		−0.029
		(0.007)
Big		−0.002
		(0.001)
Debt		−0.173
		(0.103)
Tobin’s Q		0.117
		(0.013)
Cash		0.002
		(0.013)
ROA		−0.073
		(0.235)
Constant	0.295	−11.068
	(0.184)	(0.544)
Year	Yes	Yes
Industry	Yes	Yes
N	18775	18216
R^2	0.179	0.360

Note. .