Figure 3.
Path Coefficients and Test Results Refer to the image caption for details.The diagram depicts Digital Real Integration influencing Green Innovation with beta equals 1.971 and P less than 0.01, Digital Transformation with beta equals 1.354 and P less than 0.01, and Financing Constraints with beta equals negative 0.160 and P less than 0.01. Green Innovation connects to Corporate Green Total Factor Productivity with a beta of 0.003 and P less than 0.01, Digital Transformation connects with a beta of 0.012 and P less than 0.01, and Financing Constraints connects with a beta equals negative 0.008 and P less than 0.01. A direct path from Digital Real Integration to Corporate Green Total Factor Productivity shows beta equals 0.620 and P less than 0.01.

Path Coefficients and Test Results

Source: Author’s own work

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