The Impact of Green Innovation Capabilities of Enterprises on Total Factor Productivity

Against the backdrop of Chinas Dual Carbon Coals, the thesis selects A-shared listed companies as research object, exploring the affects and boundary conditions of enterprise green innovation capability on total factor productivity. Through structuring Two-way fixed effects model with companies financial statistics from 2000 to 2023, our main empirical findings are as follows:(1)Total number of green patent authorizations significantly improve enterprise total factor productivity, guaranteeing core hypothesis of green innovation directly improve productivity through enhancing manufacturing technique and reducing energy consumption.(2)Heterogeneity analysis reveals it is the green innovation effects of big businesses that are more obvious, while the green innovation effects of Midwestern enterprises stems production improvement. Based on the comments above, the thesis puts forward politics suggestions as follow: Firstly, government ought to perfect Green innovation policy system and implement differentiated regional support strategies;Secondly, enterprise management team should pay attention to efficiency of innovation products transformation and formulate innovation strategies that match the companies size;Thirdly, institutional investor should improve the real value of Green innovation, focusing on enterprises actual improvement effects of Green innovation on productivity to realize long-term value appreciation.