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

Table 7

Regulating effect of different fixed assets proportion.

Variables	(1)	(2)	(3)
	Invet to the industry	Invet not to the industry
	Under_INV	Under_INV	Under_INV
Debt	0.019	0.004	0.065
	(0.26)	(1.86)	(0.16)
INDU × Debt			0.016
			(1.28)
Adjusted R-squared	0.108	0.208	0.135
Individual effect	No	Yes	Yes
The annual effect	Yes	Yes	No
Control variable	Yes	Yes	No
F	942.5	22.15	308.6

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