Industry Development Tendency and Innovation Strategy Preference of Five Typical Industries under the Background of Low-Carbon Sustainable Development in China

Table 5

Results of moderating effect analyses of knowledge management capacity.

Variables	Dependent variable: technology innovation
	Model 1	Model 2	Model 3	Model 4
Control variables
Firm property	0.045	0.021	−0.010	−0.002
Number of employees	−0.236	−0.109	−0.117	−0.120
Number of R&D researchers	0.513	0.421	0.392	0.397
Independent variable
Exploitation innovation		0.296	0.045	0.040
Moderating variable
Knowledge management capacity			0.430	0.453
Interaction term
Exploratory innovation × KMC				0.164
R^2	0.129	0.210	0.326	0.350
F	17.562	23.353	33.460	31.218

N = 337 (two-tailed test). , , and .