[Retracted] Influence of China’s Carbon Emissions Trading Scheme on Green Innovation of Enterprises

Table 7

Results of mechanism analysis.

Variables	Cash flow	Return on assets	Factor allocation
	0.1125	0.0096	−0.0068
	(0.1930)	(0.0033)	(0.0045)
	−0.0293	−0.0015
	(0.1191)	(0.0053)
			0.0968
			(0.0184)
			−0.0257
			(0.0174)
Constant	5.2714	0.0055	−0.0049
	(1.1873)	(0.1713)	(0.0307)
Control variables	Yes	Yes	Yes
Time fixed effect	Yes	Yes	Yes
Individuals fixed effect	Yes	Yes	Yes
Observations	7 356	23 739	23 739
R-squared	0.0371	0.0876	0.0952