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Fig 1.

Theoretical framework.

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Table 1.

Variable definitions.

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Table 1 Expand

Table 2.

Descriptive statistics.

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Table 3.

The impact of digital finance on enterprise green innovation: Benchmark regression.

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Table 4.

The impact of digital finance development on enterprise green innovation: Indicator dimensionality reduction.

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Table 5.

Regression results of instrumental variables: Provincial distance.

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Table 6.

Robustness test results.

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Table 7.

Sample results of enterprise size.

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Table 8.

Sample results of high-tech/non-high-tech industries.

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Table 9.

Test results of mediating mechanism: Information asymmetry reduction.

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Table 10.

Test results of mediating mechanism: Consumption structure optimization.

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Table 11.

Test results of mediating mechanism: Total consumption increased.

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Table 12.

Test results of mediating mechanism: Factor market distortion mitigation.

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Table 13.

Impact of intellectual property protection and environmental governance.

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