From: Fintech, regtech, and financial development: evidence from China
Variables | Model A | Model B | ||
---|---|---|---|---|
FE | IV-2SLS | FE | IV-2SLS | |
Fintechj,t-1 | 0.129*** (0.004) | 0.219*** (0.000) | 0.137** (0.020) | 0.704*** (0.005) |
Finregj,t-1 | Â | Â | 0.034 (0.202) | 0.219*** (0.009) |
Fintechj,t-1 × Finregj,t-1 |  |  | -0.001 (0.790) | -0.050** (0.022) |
\(G\) DPgrj,t-1 | − 0.003 (0.772) | 0.014 (0.109) | 0.0003 (0.978) | 0.023* (0.084) |
TOPj,t-1 | − 0.757*** (0.000) | − 0.651*** (0.000) | − 0.683*** (0.000) | − 0.883*** (0.000) |
INDj,t-1 | 0.0002 (0.979) | − 0.003 (0.381) | − 0.003 (0.691) | − 0.016** (0.030) |
Urbj,t-1 | 0.068*** (0.000) | 0.050*** (0.000) | 0.065*** (0.000) | 0.0517*** (0.000) |
City FE | Â | Â | Â | Â |
Year FE | Â | Â | Â | Â |
Observations | 248 | 248 | 248 | 248 |
F Statistic | 131.40*** | 295.37*** | 105.42*** | 147.63*** |
R2 | 0.887 | 0.873 | 0.891 | 0.819 |