| 变量符号 | (1) InnovationInput | (2) InnovationOutput1 | (3) InnovationOutput2 | (4) InnovationOutput1 | (5) InnovationOutput2 |
| InnovationInput |
|
|
| 0.1025*** | 0.0874*** |
|
|
|
| (17.5970) | (19.6072) | |
| Financialization | −2.4685** | −3.2980*** | −1.1353** |
|
|
| (−2.0885) | (−5.4031) | (−2.4192) |
|
| |
| BL * Financialization | 3.9669 | −2.8289 | −7.4181*** |
|
|
| (1.0204) | (−1.4090) | (−4.8059) |
|
| |
| BL * InnovationInput |
|
|
| −0.0430* | 0.0028 |
|
|
|
| (−1.7211) | (0.1487) | |
| Controls | 是 | 是 | 是 | 是 | 是 |
| Year | 是 | 是 | 是 | 是 | 是 |
| Industry | 是 | 是 | 是 | 是 | 是 |
| _cons | 10.3827*** | −4.6042*** | −7.9813*** | −5.5742*** | −8.8126*** |
| (12.6163) | (−10.8332) | (−24.4265) | (−13.2228) | (−27.3318) | |
| Adj-R2 | 0.3190 | 0.1287 | 0.4052 | 0.1591 | 0.4318 |
| N | 7710 | 7710 | 7710 | 7710 | 7710 |