Fig 1.
Mechanism framework diagram.
Table 1.
Enterprise resilience indicator system.
Table 2.
Descriptive statistics.
Table 3.
Benchmark regression results.
Table 4.
Instrumental variable regression results.
Fig 2.
Parallel trend testing.
Table 5.
DID regression results.
Fig 3.
Placebo testing.
Table 6.
Robustness tests.
Table 7.
Mechanism test results.
Table 8.
Heterogeneity test based on internal micro characteristics of enterprises.
Table 9.
Heterogeneity test based on the external macro environment of enterprise.
Table 10.
Threshold effect test.
Table 11.
Threshold regression results.