经济不确定性与企业绿色创新

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中图分类号：F272.2 文献标识码：A 文章编号：1672-7312（2026）01-0105-12

Abstract： Economic uncertainty is an important factor for enterprises to make green innovation decisions，and examining the relationship between the two helps to clarify the realistic path of economic uncertainty affecting enterprises’ green innovation.This paper empirically examines the impact of China' s economic uncertainty on firms’ green innovation by using a two-way fixed-eects model with a sample of listed firms in China’s A-share heavy-polution industry from 2O07 to 2022.The mechanism test indicates that the reduction of corporate green innovation by uncertainty economic stems from the weakening of corporate risk-taking ability，and the heterogeneity test finds that the reducing effect of economic uncertainty on firms’green innovation is more effctive among SOEs and firms with a weak financial resource base，and this reducing effect is more pronounced in regions with low financial pressure.The study expands the factors influencing firms’ green innovation from the perspective of economic uncertainty，which not only provides micro evidence based on Chinese firms to study the impact of macroeconomic uncertainty on green innovation，but also provides insights into how governments can develop policy regimes that reconcile “steady growth” with long-term environmental responsibilities.

Key Words： economic uncertainty; green innovation; risk-taking; financial resource base; fiscal pressure; heavily polluting industries

0 引言

2007年之前的近30年，我国经济成就举世瞩目，年均国内生产总值增长率为 9.8% 。（剩余11690字）