变量符号

(1)

InnovationInput

(2)

InnovationOutput1

(3)

InnovationOutput2

(4)

InnovationOutput1

(5)

InnovationOutput2

InnovationInput

0.1023***

0.0884***

(17.5733)

(19.8563)

Financialization

−2.4233**

−3.2996***

−1.1537**

(−2.0497)

(−5.4032)

(−2.4563)

SP * Financialization

−0.1633*

0.0429

0.1469***

(−1.7089)

(0.8689)

(3.8701)

SP * InnovationInput

0.0010

0.0011**

(1.4890)

(1.9890)

Controls

Year

Industry

_cons

10.3649***

−4.5880***

−7.9404***

−5.5598***

−8.8239***

(12.6018)

(−10.7989)

(−24.2993)

(−13.1935)

(−27.3855)

Adj-R2

0.3191

0.1285

0.4045

0.1590

0.4321

N

7710

7710

7710

7710

7710