| 变量符号 | (6) InnovationOutput1 | (7) InnovationOutput2 |
| InnovationInput | 0.0962*** | 0.0819*** |
| (14.8560) | (17.1966) | |
| Financialization | −3.1133*** | −0.9863** |
| (−4.7202) | (−2.0350) | |
| Controls | 是 | 是 |
| Year | 是 | 是 |
| Industry | 是 | 是 |
| _cons | −5.5146*** | −8.8921*** |
| (−11.6214) | (−25.5020) | |
| Adj-R2 | 0.1584 | 0.4200 |
| N | 7710 | 7710 |