Table 1.
The Peking University Digital Finance indicator system.
Table 2.
Definition of variables.
Table 3.
Descriptive statistics of variables.
Table 4.
Pearson correlation.
Table 5.
The regression results of digital finance and corporate breakthrough innovation.
Table 6.
The regression results of instrumental variables approach.
Table 7.
The regression results of controlling of possible omitted variables in the province.
Table 8.
The regression results of controlling characteristics of the technical field.
Table 9.
The regression results of Tobit model and independent variable lagged one period.
Table 10.
The regression results of replacing the measurement of variables.
Table 11.
The regression results of mechanisms analysis of financing constraints and social networks.
Table 12.
The regression results of different dimensions of digital finance.
Table 13.
The regression results of particular digital finance tools.
Table 14.
The regression results of enterprises’ dependence on external financing.
Table 15.
The regression results of competition in the product market.
Table 16.
The regression results of the level of financial development heterogeneity.
Table 17.
The regression results of regional disparities heterogeneity.
Table 18.
The regression results of enterprise scale heterogeneity.