| 变量符号 | (1) InnovationOutput1 | (2) InnovationOutput2 |
| InnovationInput | 0.0285*** | 0.0257*** |
| (7.2834) | (8.4179) | |
| Financialization | −1.4160*** | −0.5295* |
| (−3.5396) | (-1.6967) | |
| Financialization * InnovationInput | 0.0376 | −0.1849*** |
| (0.6189) | (−3.9005) | |
| Controls | 是 | 是 |
| Year | 是 | 是 |
| Industry | 是 | 是 |
| _cons | −7.5009*** | −10.5132*** |
| (−16.0361) | (−28.8144) | |
| Adj-R2 | 0.2292 | 0.4641 |
| N | 7710 | 7710 |