Does Intellectual Capital Investment Improve Financial Competitiveness and Green Innovation Performance? Evidence from Renewable Energy Companies in China

Table 2

Variable definition.

Variable	Symbol	Description
Financial competitiveness	FC	Composite score
Green patent	GP	Total number of GIP and GNIP
Green invention patent	GIP	Number of green invention patents
Green noninvention patent	GNIP	Number of green utility model and industrial design
Modified Value Added Intellectual Coefficient	MVAIC	CEE + HCE + SCE + RCE + INCE
Capital employed efficiency	CEE	VA/book value of net assets
Human capital efficiency	HCE	VA/total employee expenditures
Structural capital efficiency	SCE	(VA− total employee expenditures)/VA
Relational capital efficiency	RCE	Marketing, selling, and advertising expenses/VA
Innovation capital efficiency	INCE	R&D expenses/VA
Firm size	SIZE	Natural logarithm of total assets
Debt ratio	LEV	Total liabilities/total assets
Gross domestic product growth rate	GDP	Growth rate of gross domestic product
Year dummy	YEAR	Dummy variable that takes 1 for the test year, 0 otherwise