在绿色发展的背景下,企业能否利用绿色创新提高企业绩效,是一个亟待解答的重要问题。本文基于自然资源基础观,以2010-2019年中国沪深A股上市企业为研究样本,实证检验绿色创新与企业绩效的关系,同时分析政府补贴、产融结合和环境规制对绿色创新与企业绩效关系的调节作用。研究结果表明：绿色创新对企业绩效有显著的正向影响；政府补贴正向调节绿色创新与企业绩效之间的关系；产融结合和环境规制在绿色创新与企业绩效关系中均具有负向调节作用。本文丰富和细化了绿色创新的现有研究,并为如何提高企业绿色创新的效果提供了有益启示。

Under the background of green development, whether enterprises can use green innovation to improve enterprise performance is an important problem to be solved. Based on the theory of natural resource-based view, this paper takes A-share listed companies in Shanghai and Shenzhen from 2010 to 2019 as the research sample to empirically test the impact of green innovation on enterprise performance. Also, testing the role of government subsidy, financial－industrial integration and environmental regulation in this process. Our results achieve three main conclusions: First, green innovation has a significant positive impact on enterprise performance；Second, the government subsidies strengthen the relationship between green innovation and enterprise performance; Third, financial－industrial integration and environmental regulation weaken the relationship between green innovation and enterprise performance. The research in this paper enriches the existing research results of green innovation, and provides beneficial enlightenment for improving the effectiveness of enterprise green innovation and promoting enterprise performance.

F270.3

国家重点研发计划现代服务业重点专项项目“哈长城市群综合科技服务平台研发与应用示范”(2017YFB1401800)；中国工程院院地合作项目“吉林省产教融合模式构建及推进对策研究” (2020-JL-10).