Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry

Table 3

Correlation between independent variables.

Variables	Inno	RDSub	NRDSub	Size	Own	Profit	Debt	Age
Inno	1.00
RDSub	0.156	1.000
NRDSub	0.044	0.526	1.000
Size	−0.537	0.003	0.104	1.000
Own	−0.124	−0.164	−0.151	0.312	1.000
Profit	0.116	0.138	0.070	0.121	−0.104	1.000
Debt	−0.247	0.107	0.016	0.431	0.253	−0.203	1.000
Age	−0.383	0.048	0.036	0.588	0.198	−0.083	0.042	1.000