[Retracted] Exploring the Influence of Local Government Debt on Enterprise Investment through the Empirical Evidence at the Municipal Level

Table 4

The regression results of local debt and enterprise investment under different ownership attributes.

Variables	(1)	(2)	(3)
	State-owned enterprises	Non-state-owned enterprises
	Under_INV	Under_INV	Under_INV
Debt	−0.008	0.009	−0.007
	(−0.85)	(3.26)	(−0.46)
NSOE × Debt			0.008
			(3.37)
Adjusted R-squared	0.207	0.158	0.254
Individual effect	No	Yes	Yes
The annual effect	Yes	Yes	No
Control variable	No	Yes	Yes
F	257.6	18.52	248.7

Note. , , and are significant at the 1%, 5%, and 10% levels, respectively.