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Table 1.

Variable description.

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Table 2.

Variable descriptive statistics.

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Table 3.

The regression results of power of non-state-owned shareholders in the board to SOE innovation investment.

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Table 4.

The regression results of the mediating effect of board interplay intensity.

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Table 5.

The regression results of the moderating role of the power of state-owned shareholders in the board.

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