Research Article

Government Subsidy, External Financing, and Capacity for Scientific and Technological Innovation of Culture Industry from the Life Cycle Perspective

Table 3

Relevance table of main variables.

RDER&DRDAPAQSubBankEquity

RDE1
R&D0.4551
RDA0.0510.1011
PAQ0.3680.073−0.0541
Sub0.3890.0730.1160.2521
Bank0.105−0.204−0.0870.1550.2291
Equity0.302−0.0020.2100.3150.4800.3191

Note. The symbols , , and indicate significance at the statistical levels of 1%, 5%, and 10%, respectively.