变量符号

(1)

InnovationInput

(2)

InnovationOutput1

(3)

InnovationOutput2

(4)

InnovationOutput1

(5)

InnovationOutput2

Financialization

−2.6480*

−2.5908***

−0.9624**

(−1.7578)

(−5.0588)

(−2.4079)

InnovationInput

0.0313***

0.0244***

(6.7510)

(6.7708)

poc

0.1213

0.0597

0.1735***

0.0550

0.1711***

(0.9658)

(1.3971)

(5.2055)

(1.2917)

(5.1541)

POC * Financialization

−5.5498**

2.8565***

1.1234*

(−2.3742)

(3.5945)

(1.8114)

POC * InnovationInput

−0.0074

−0.0013

(−1.0209)

(−0.2338)

Controls

Year

Industry

_cons

12.9333***

−7.0260***

−9.8134***

−7.3560***

−10.1041***

(9.2631)

(−14.8019)

(−26.4919)

(−15.4349)

(−27.2153)

Adj-R2

0.2978

0.2251

0.4607

0.2281

0.4647

N

7710

7710

7710

7710

7710