From: Fintech, regtech, and financial development: evidence from China
Model A | Model B | ||
---|---|---|---|
Chi-sq (1) | P value | Chi-sq (1) | P value |
Endogeneity test results1 | |||
12.967*** | 0.0003 | 8.921*** | 0.0028 |
Model A | Model B | ||
---|---|---|---|
Sargan statistic | P value | Sargan statistic | P value |
Sargan test for valid instruments2 | |||
0.383 | 0.5357 | 1.680 | 0.1950 |
Model A | Model B | ||
---|---|---|---|
LM statistic | P value | LM statistic | P value |
Underidentification test results3 | |||
72.085*** | 0.0000 | 12.763*** | 0.0017 |