Table 9 Regression results of heterogeneity in digital financial structure.
From: Digital finance, innovation transformation, and resilient city growth
res1 | res2 | res3 | |||||||
|---|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
cov | 0.0012*** | 0.0028*** | 0.0035*** | ||||||
(6.58) | (6.51) | (5.97) | |||||||
dep | 0.0022*** | 0.0044*** | 0.0060*** | ||||||
(12.02) | (9.68) | (9.87) | |||||||
dig | 0.0019*** | 0.0043*** | 0.0045*** | ||||||
(13.53) | (12.68) | (9.70) | |||||||
_cons | − 0.2099*** | − 0.1981*** | − 0.1975*** | − 0.4406*** | − 0.4264*** | − 0.4144*** | − 0.6471*** | − 0.6207*** | − 0.6303*** |
(− 16.78) | (− 16.29) | (− 16.43) | (− 14.30) | (− 14.11) | (− 13.95) | (− 15.68) | (− 15.35) | (− 15.65) | |
Controls | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
City fixed | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Year fixed | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Obs | 2870 | 2870 | 2870 | 2870 | 2870 | 2870 | 2870 | 2870 | 2870 |
\({R}^{2}\) | 0.4116 | 0.4335 | 0.4414 | 0.3603 | 0.3726 | 0.3880 | 0.2233 | 0.2412 | 0.2403 |
F | 68.91 | 71.62 | 72.89 | 89.76 | 91.67 | 94.31 | 85.20 | 87.53 | 87.47 |
P | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
