Table 7 Mechanism tests.
(1) | (2) | (3) (4) | ||
|---|---|---|---|---|
Home possession of smart Internet devices(SID) | FPR | Financial information attention(FIA) | FPR | |
Policy | 0.0827*** | 0.0232*** | 0.0422*** | 0.0215*** |
(0.0160) | (0.0049) | (0.0073) | (0.0051) | |
SID | 0.0390* | |||
(0.0216) | ||||
FIA | 0.0592*** | |||
(0.116) | ||||
Control | Yes | Yes | Yes | Yes |
CityFE | Yes | Yes | Yes | Yes |
YearFE | Yes | Yes | Yes | Yes |
N | 686 | 686 | 686 | 686 |
r2_a | 0.4065 | 0.4521 | 0.4669 | 0.4815 |
