经济不确定性与企业绿色创新OACHSSCD

Economic uncertainty is an important factor for enterprises to make green innovation deci-sions,and examining the relationship between the two helps to clarify the realistic path of economic un-certainty 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-effects model with a sample of listed firms in China's A-share heavy-pollution industry from 2007 to 2022.The mechanism test in-dicates that the reduction of corporate green innovation by uncertainty economic stems from the weake-ning of corporate risk-taking ability,and the heterogeneity test finds that the reducing effect of econom-ic uncertainty on firms'green innovation is more effective 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 uncer-tainty,which not only provides micro evidence based on Chinese firms to study the impact of macroeco-nomic uncertainty on green innovation,but also provides insights into how governments can develop policy regimes that reconcile"steady growth"with long-term environmental responsibilities.