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

Table 4

Regression results of the mediating effect of debt financing.

Variable	(1)	(2)	(3)
	lnPatent	Floan	lnPatent
Treat × Policy	0.084	0.005	0.081
	(0.038)	(0.002)	(0.036)
Floan			−0.494
			(0.187)
Constant	−11.068	0.047	−7.840
	(0.544)	(0.000)	(0.555)
Controls	YES	YES	YES
Year	YES	YES	YES
Industry	YES	YES	YES
N	18216	18805	18216
R^2	0.360	0.001	0.086

Note. .