环境不确定性、外部融资与可再生能源投资——兼论政策有效性
何凌云, 张丽虹, 钟章奇, 祝婧然

The effect of environmental uncertainty, external financing and policy on renewable energy investment
Lingyun HE, Lihong ZHANG, Zhangqi ZHONG, Jingran ZHU
表3 外部融资渠道对环境不确定性影响可再生能源投资的调节作用的估计结果
Table 3 The estimation results of regulating effect of external financing channels on environmental uncertainty influencing renewable energy investment
系数 全样本企业 外部融资水平
较低的企业
外部融资水平
较高的企业
δit -5.111 2***
(-9.340 9)
-4.585 9***
(-4.925 6)
-5.009 4**
(-8.373 9)
δ1 -1.629 8***
(-6.869 7)
-0.037 1
(-0.063 0)
-2.020 0***
(-8.723 5)
δ2 0.556 3**
(2.203 3)
-0.270 8
(-0.697 3)
0.860 7***
(2.894 8)
δ3 0.256 9
(0.9599)
2.869 9***
(4.733 9)
-0.642 0**
(-2.3418)
δ4 -0.598 4
(-0.900 5)
1.422 4
(1.402 5)
-1.181 0
(-1.496 5)
δ5 1.891 4***
(2.592 6)
-4.327 2***
(-2.597 7)
4.514 6 ***
(5.960 0)
R2 0.596 4 0.526 4 0.722 9